Merge pull request #6638 from alphagov/student-finance-yearly-update

Update student finance rates for academic year 2024-2025
alphagov · Jan 26, 2024 · fa56965 · fa56965
2 parents e31f8f3 + e321f69
commit fa56965
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Showing 5 changed files with 146 additions and 193 deletions.
diff --git a/app/flows/student_finance_calculator_flow.rb b/app/flows/student_finance_calculator_flow.rb
@@ -6,8 +6,8 @@ def define
 
     # Q1
     radio :when_does_your_course_start? do
-      option :"2022-2023"
       option :"2023-2024"
+      option :"2024-2025"
 
       on_response do |response|
         self.calculator = SmartAnswer::Calculators::StudentFinanceCalculator.new

diff --git a/app/flows/student_finance_calculator_flow/questions/when_does_your_course_start.erb b/app/flows/student_finance_calculator_flow/questions/when_does_your_course_start.erb
@@ -3,6 +3,6 @@
 <% end %>
 
 <% options(
-  "2022-2023": "Between September 2022 and August 2023",
   "2023-2024": "Between September 2023 and August 2024",
+  "2024-2025": "Between September 2024 and August 2025",
 ) %>
diff --git a/app/flows/student_finance_calculator_flow/start.erb b/app/flows/student_finance_calculator_flow/start.erb
@@ -9,8 +9,8 @@
 <% govspeak_for :body do %>
   This calculator is for students from England or the European Union (EU) starting a new undergraduate course in academic years:
 
-  + 2022 to 2023
   + 2023 to 2024
+  + 2024 to 2025
 
   Use the student finance calculator to estimate:
 

diff --git a/lib/smart_answer/calculators/student_finance_calculator.rb b/lib/smart_answer/calculators/student_finance_calculator.rb
@@ -14,88 +14,88 @@ class StudentFinanceCalculator
                     :tuition_fee_amount
 
       LOAN_MAXIMUMS = {
-        "2022-2023" => {
-          "at-home" => 8_171,
-          "away-outside-london" => 9_706,
-          "away-in-london" => 12_667,
-        },
         "2023-2024" => {
           "at-home" => 8_400,
           "away-outside-london" => 9_978,
           "away-in-london" => 13_002,
         },
+        "2024-2025" => {
+          "at-home" => 8_610,
+          "away-outside-london" => 10_227,
+          "away-in-london" => 13_348,
+        },
       }.freeze
 
       REDUCED_MAINTENTANCE_LOAN_AMOUNTS = {
-        "2022-2023" => {
-          "at-home" => 1902,
-          "away-in-london" => 3558,
-          "away-outside-london" => 2534,
-        },
         "2023-2024" => {
           "at-home" => 1955,
           "away-in-london" => 3658,
           "away-outside-london" => 2605,
         },
+        "2024-2025" => {
+          "at-home" => 2_004,
+          "away-outside-london" => 2_670,
+          "away-in-london" => 3_749,
+        },
       }.freeze
 
       CHILD_CARE_GRANTS = {
-        "2022-2023" => {
-          "one-child" => 183.75,
-          "more-than-one-child" => 315.03,
-        },
         "2023-2024" => {
           "one-child" => 188.90,
           "more-than-one-child" => 323.85,
         },
+        "2024-2025" => {
+          "one-child" => 193.62,
+          "more-than-one-child" => 331.95,
+        },
       }.freeze
 
-      CHILD_CARE_GRANTS_ONE_CHILD_HOUSEHOLD_INCOME = 19_549.79
-      CHILD_CARE_GRANTS_MORE_THAN_ONE_CHILD_HOUSEHOLD_INCOME = 27_958.19
+      CHILD_CARE_GRANTS_ONE_CHILD_HOUSEHOLD_INCOME = 19_795.23
+      CHILD_CARE_GRANTS_MORE_THAN_ONE_CHILD_HOUSEHOLD_INCOME = 28_379.39
 
       PARENTS_LEARNING_ALLOWANCE = {
-        "2022-2023" => 1_863,
         "2023-2024" => 1_915,
+        "2024-2025" => 1_963,
       }.freeze
 
-      PARENTS_LEARNING_HOUSEHOLD_INCOME = 18_739.98
+      PARENTS_LEARNING_HOUSEHOLD_INCOME = 18_835.98
 
       ADULT_DEPENDANT_ALLOWANCE = {
-        "2022-2023" => 3_263,
         "2023-2024" => 3_354,
+        "2024-2025" => 3_438,
       }.freeze
 
-      ADULT_DEPENDANT_HOUSEHOLD_INCOME = 15_453.98
+      ADULT_DEPENDANT_HOUSEHOLD_INCOME = 15_621.98
 
       TUITION_FEE_MAXIMUM = {
         "full-time" => 9_250,
         "part-time" => 6_935,
       }.freeze
 
       LOAN_MINIMUMS = {
-        "2022-2023" => {
-          "at-home" => 3_597,
-          "away-outside-london" => 4_524,
-          "away-in-london" => 6_308,
-        },
         "2023-2024" => {
           "at-home" => 3_698,
           "away-outside-london" => 4_651,
           "away-in-london" => 6_485,
         },
+        "2024-2025" => {
+          "at-home" => 3_790,
+          "away-outside-london" => 4_767,
+          "away-in-london" => 6_647,
+        },
       }.freeze
 
       INCOME_PENALTY_RATIO = {
-        "2022-2023" => {
-          "at-home" => 7.27,
-          "away-outside-london" => 7.20,
-          "away-in-london" => 7.08,
-        },
         "2023-2024" => {
           "at-home" => 7.08,
           "away-outside-london" => 7.01,
           "away-in-london" => 6.89,
         },
+        "2024-2025" => {
+          "at-home" => 6.91,
+          "away-outside-london" => 6.84,
+          "away-in-london" => 6.73,
+        },
       }.freeze
 
       def initialize(params = {})