How much is my student loan repayment?

You repay 9% of everything you earn above your plan's threshold (6% for a Postgraduate Loan). For example, on Plan 2 (threshold £29,385) earning £35,000 you repay 9% of £5,615 — about £505 a year, or £42 a month.

What are the 2026/27 thresholds?

Plan 1 £26,900, Plan 2 £29,385, Plan 4 £33,795 (Scotland), Plan 5 £25,000, Postgraduate £21,000. You repay 9% above the undergraduate thresholds and 6% above the Postgraduate threshold.

Do I repay on a Plan 2 and a Postgraduate loan together?

Yes — they are worked out separately and both come off your pay: 9% above the Plan 2 threshold plus 6% above the £21,000 Postgraduate threshold.

When do repayments stop?

When the loan is cleared or written off (the timeframe depends on your plan). Repayments are collected through your salary automatically, like tax, so you don't arrange them yourself.

Student loan repayment calculator 2026/27

Repayments come off your salary automatically — 9% of what you earn above your plan's threshold (6% for a Postgraduate Loan). Pick your plan to see exactly how much.

Annual salary

Repayment plan Postgraduate Loan as well

2026/27 thresholds, traced to gov.uk. Repayment is collected through PAYE.

Your repayment

2026/27

Salary: £35,000
Above the threshold: £5,615

Repayment a year

£42 a month

£505

On Plan 2 you repay 9% of the £5,615 you earn above £29,385.

Verified · 2026/27
21 June 2026

Effective rate —

Marginal rate — on your next £1

What it's worth in real terms

Your salary has the spending power of — in 2025 money — the pound has lost — since then. A rise of — would just keep pace.

Inflation: ONS Consumer Prices Index, latest May 2026.

How this was calculated

For the 2026/27 tax year (England, Wales & Northern Ireland) we apply your tax-free Personal Allowance, the Income Tax bands, employee National Insurance, and any student-loan repayment — each traced to a dated gov.uk/HMRC source. A pension contribution comes off before Income Tax (and before National Insurance too, for salary sacrifice). Over £100,000 the Personal Allowance tapers away, which is why the marginal rate jumps to about 60%.

The full method and every source is on our methodology page.

Built & maintained by the Pay Packet team · methodology sourced from HMRC · last reviewed 21 June 2026. About our figures →

How student loan repayments work

You repay a percentage of your income above a threshold, not your whole salary — and nothing at all if you earn under it. The rate is 9% for the undergraduate plans (1, 2, 4 and 5) and 6% for the Postgraduate Loan. Repayments are taken straight from your pay through PAYE, alongside tax and National Insurance.

The 2026/27 thresholds are Plan 1 £26,900, Plan 2 £29,385, Plan 4 £33,795, Plan 5 £25,000 and Postgraduate £21,000. If you have a Postgraduate Loan as well as an undergraduate one, both are charged. To see your repayment alongside tax and pension in one place, use the main take-home calculator; for the bigger picture read our student loan repayment guide.

Student loan questions

How much is my student loan repayment?: You repay 9% of everything you earn above your plan's threshold (6% for a Postgraduate Loan). For example, on Plan 2 (threshold £29,385) earning £35,000 you repay 9% of £5,615 — about £505 a year, or £42 a month.
What are the 2026/27 thresholds?: Plan 1 £26,900, Plan 2 £29,385, Plan 4 £33,795 (Scotland), Plan 5 £25,000, Postgraduate £21,000. You repay 9% above the undergraduate thresholds and 6% above the Postgraduate threshold.
Do I repay on a Plan 2 and a Postgraduate loan together?: Yes — they are worked out separately and both come off your pay: 9% above the Plan 2 threshold plus 6% above the £21,000 Postgraduate threshold.
When do repayments stop?: When the loan is cleared or written off (the timeframe depends on your plan). Repayments are collected through your salary automatically, like tax, so you don't arrange them yourself.