English borrowers’ total loan balance has steadily increased over the past decade due to interest rates and new lending outpacing borrower repayments. According to the UK House of Commons Library, in March this year, England’s national student debt hit a record high of £206 billion (GBP), or $260,439,620,000 (USD). The numerical figures below are represented in billions of British pounds (GBP) and refer to income-contingent loans.