Student loan repayment calculator 2026/27
You repay 9% of your income above your plan's threshold (6% for a Postgraduate loan), not a share of what you owe.
2026/27 thresholds
| Plan | Yearly threshold | Monthly | Rate | Who has it |
|---|---|---|---|---|
| Plan 1 | £26,900 | £2,241.67 | 9% | England/Wales before Sept 2012, Northern Ireland |
| Plan 2 | £29,385 | £2,448.75 | 9% | England/Wales, started Sept 2012 to July 2023 |
| Plan 4 | £33,795 | £2,816.25 | 9% | Scotland |
| Plan 5 | £25,000 | £2,083.33 | 9% | England, started from August 2023 |
| Postgraduate | £21,000 | £1,750.00 | 6% | Master's / Doctoral loans |
Source: GOV.UK: what you pay. Employers actually deduct based on each pay period, so a month with a bonus deducts more. If you've overpaid, you can claim it back after the tax year ends.
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FAQs
Does my student loan repayment depend on how much I owe?
No. Repayments are based only on what you earn above the threshold. Owing £20,000 or £60,000 makes no difference to the monthly amount.
When is a student loan written off?
It depends on the plan. Plan 1 loans are usually written off 25 years after you were first due to repay (or at age 65 for older loans), Plan 2 and Plan 4 after 30 years, Plan 5 after 40 years, and Postgraduate loans after 30 years.
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