UK Student Loan
Repayment Calculator 2026/27
Calculate repayments for all UK student loan plans — Plans 1, 2, 4, 5 and Postgraduate. See annual, monthly and weekly amounts.
Not sure? Check your Student Loans Company account.
UK student loan repayment thresholds 2026/27
You only repay student loan when your earnings exceed your plan's threshold. Repayments are 9% of earnings above the threshold for Plans 1, 2, 4 and 5, and 6% for Postgraduate loans.
| Plan | Who it applies to | Threshold | Rate |
|---|---|---|---|
| Plan 1 | Started before Sept 2012 | £24,990 | 9% |
| Plan 2 | Started Sept 2012 or after (England/Wales) | £27,295 | 9% |
| Plan 4 | Scottish students | £31,395 | 9% |
| Plan 5 | English students from Aug 2023 | £25,000 | 9% |
| Postgraduate | Postgraduate loans | £21,000 | 6% |
Both a Plan 2 and a Postgraduate loan can run simultaneously. If you have both, you repay 9% on Plan 2 earnings above £27,295 and 6% on Postgraduate earnings above £21,000. Repayments on both plans can run at the same time. Use our main salary calculator to include both in a full take home pay calculation.
Related calculators
Student loan repayments are deducted from your gross pay after income tax and National Insurance — use the main salary calculator to see all three deductions together. The take home pay calculator shows your net pay at different pay frequencies. Our income tax calculator confirms how much of your income is taxed before the repayment threshold kicks in. Contributing to a pension? Our pension calculator shows how salary sacrifice can keep your income below the threshold and reduce your repayments. Due a pay rise? Our pay rise calculator shows how additional earnings affect your repayment amount. Paid hourly? Our hourly to salary calculator converts your rate to an annual figure for repayment planning.
Frequently asked questions
Plan 1 applies if you started your course before September 2012. Plan 2 applies to most graduates who started from September 2012 in England and Wales. Plan 4 is for Scottish-domiciled students. Plan 5 is for new English students who started from August 2023. Your Student Loans Company account will confirm which plan you are on.
Yes. You only repay when your earnings exceed the threshold. If your income drops below the threshold — for example due to a job change or reduced hours — your repayments stop automatically through PAYE. Interest may still accrue on your balance during this time.
Plan 1 loans are written off at age 65 or 25 years after first repayment (whichever is first). Plan 2 loans are written off 30 years after you first became eligible to repay. Plan 4 loans are written off at age 65 or 30 years after repayment started. Plan 5 loans are written off 40 years after first repayment. Postgraduate loans are written off 30 years after repayment started.
For most Plan 2 and Plan 5 borrowers, voluntary overpayments are rarely beneficial because balances are written off after 30 or 40 years respectively. Many graduates will never fully repay. However, if your projected repayments will clear the balance before write-off, overpaying could save interest. Calculate your specific situation carefully first.