Student loan repayment calculator 2026/27
Student loan repayments are 9% of your income above your plan's threshold (6% for postgraduate loans). Enter your salary to see your monthly repayment under each plan.
Repayment thresholds 2026/27
| Plan | Who has it | Threshold (year) | Rate |
|---|---|---|---|
| Plan 1 | England/Wales before Sept 2012, Northern Ireland | £26,900 | 9% |
| Plan 2 | England/Wales, Sept 2012 to July 2023 | £29,385 | 9% |
| Plan 4 (Scotland) | Scotland | £33,795 | 9% |
| Plan 5 | England, from August 2023 | £25,000 | 9% |
| Postgraduate loan | Master's or doctoral loan | £21,000 | 6% |
Monthly repayments by salary
| Salary | Plan 1 | Plan 2 | Plan 4 | Plan 5 | Postgraduate |
|---|---|---|---|---|---|
| £25,000 | £0 | £0 | £0 | £0 | £20 |
| £30,000 | £23 | £5 | £0 | £38 | £45 |
| £35,000 | £61 | £42 | £9 | £75 | £70 |
| £40,000 | £98 | £80 | £47 | £113 | £95 |
| £50,000 | £173 | £155 | £122 | £188 | £145 |
| £60,000 | £248 | £230 | £197 | £263 | £195 |
| £80,000 | £398 | £380 | £347 | £413 | £295 |
Repayments are taken through payroll alongside tax, based on each pay period. If you earn more in one month (overtime or a bonus), you repay more that month even if your yearly income ends up under the threshold; you can ask for a refund afterwards.
Having two loans
If you have an undergraduate loan and a postgraduate loan you repay both at the same time: 9% over the undergraduate threshold plus 6% over £21,000. If you have two undergraduate plans, you repay 9% once, over the lower threshold.
When the loan is written off
Plan 2 loans are cancelled 30 years after the April you were first due to repay, Plan 5 loans after 40 years, and Plan 1 and Plan 4 loans after 25 or 30 years depending on when you borrowed. Anything left unpaid is not passed on.
FAQ
Which student loan plan am I on?
Plan 1 if you started in England or Wales before September 2012 or studied in Northern Ireland; Plan 2 if you started in England or Wales between September 2012 and July 2023; Plan 4 if your loan came from SAAS in Scotland; Plan 5 if you started in England from August 2023.
Is the repayment based on salary before or after tax?
Before tax. It is 9% (or 6%) of gross pay above the threshold. Salary sacrifice pension contributions reduce the pay it is based on.
Do I repay if I earn under the threshold?
No. Nothing is taken in a pay period where your pay is below the weekly or monthly share of the threshold.