Student loan repayment calculator 2026/27
United Kingdom · 2026/27 tax yearStudent loan repayments are taken from your pay based on how much you earn above your plan's threshold. Enter your salary to see your monthly repayment for 2026/27.
Student loan repayment thresholds 2026/27
| Plan | Who it is for (usually) | Annual threshold | Rate |
|---|---|---|---|
| Plan 1 | England or Wales before September 2012, and Northern Ireland | £26,900 | 9% |
| Plan 2 | England or Wales from September 2012 to July 2023 | £29,385 | 9% |
| Plan 4 | Scotland | £33,795 | 9% |
| Plan 5 | England courses starting from 1 August 2023 | £25,000 | 9% |
| Postgraduate | Master's and doctoral loans | £21,000 | 6% |
How repayments are worked out
You repay a percentage of everything you earn above the threshold, not of your whole salary. On a £35,000 salary with a Plan 2 loan, you repay 9% of £5,615 (£35,000 minus £29,385). That is £505.35 a year, or about £42 a month.
Your repayment depends only on what you earn, not on how much you borrowed. If your income falls below the threshold, repayments stop automatically. Any balance left after the write-off period (25 to 40 years, depending on your plan) is cancelled.
Frequently asked questions
Which student loan plan am I on?
It depends on where and when you started your course. You can check your plan by signing in to your Student Loans Company account, or by looking at the student loan line on your payslip.
Can I have two student loans at once?
Yes. If you have an undergraduate loan and a postgraduate loan, you repay both at the same time: 9% above your undergraduate threshold and 6% above £21,000.
Do pension contributions reduce my repayments?
Only salary sacrifice does, because it lowers your gross pay. Other pension contributions do not change your student loan repayment.
Guidance only. Source: GOV.UK rates and thresholds for employers 2026 to 2027.
Last checked and updated: October 2026 (2026/27 thresholds)