If you started an English or Welsh undergraduate course between 2012 and 2023, you're on Plan 2. Enter your salary to see exactly what comes out for your student loan each month and year — and what's left of your pay.
9% of income above £28,470
Plan 2 covers most students who started undergraduate courses in England or Wales from 2012 to 2023. You repay 9% of everything you earn above £28,470 a year. Crucially, it's a percentage of your income, not your balance — so the size of your debt doesn't change your monthly repayment, only your salary does. Repayments stop automatically if your income drops below the threshold.
| Salary | Monthly Plan 2 repayment |
|---|---|
| £28,470 | £0 |
| £32,000 | ~£26 |
| £40,000 | ~£86 |
| £50,000 | ~£161 |
| £60,000 | ~£236 |
Plan 2 sits alongside Income Tax and National Insurance. See the complete picture on the salary calculator or the take-home pay calculator, and compare all the plan thresholds on the student loan repayment calculator.
£28,470 a year (about £2,372 a month). You repay 9% of earnings above it.
9% of the £6,530 above the threshold — about £588 a year, or roughly £49 a month.
Usually 30 years after you were first due to repay, or earlier on death or permanent disability.
No — the repayment depends only on your income above the threshold, not the size of the debt.
