Reviewed by Mustafa Bilgic
Founder, WebCalculator
Thresholds and rates follow the Student Loans Company and GOV.UK figures for 2026/27. Repayments are collected through PAYE. Estimates only — not financial advice.
See exactly how much your student loan takes from your pay. Pick your plan, enter your salary, and the calculator works out the monthly and annual repayment using the latest 2026/27 thresholds — including a second postgraduate loan if you have one.
9% above threshold (6% postgraduate)
UK student loans are repaid through the tax system as a percentage of what you earn above a threshold — not on your whole salary. You pay 9% of income over your undergraduate plan threshold, or 6% over the £21,000 postgraduate threshold. Earn below the threshold and you repay nothing.
On Plan 2 (threshold £28,470) with a £35,000 salary, you repay 9% of £6,530 = about £588 a year, or roughly £49 a month.
| Plan | Threshold | Rate |
|---|---|---|
| Plan 1 | £26,065 | 9% |
| Plan 2 | £28,470 | 9% |
| Plan 4 (Scotland) | £32,745 | 9% |
| Plan 5 | £25,000 | 9% |
| Postgraduate Loan | £21,000 | 6% |
If you have both an undergraduate and a postgraduate loan, you repay 9% above your undergraduate threshold and 6% above £21,000 — deducted together, which can take a real bite out of your pay. See the combined effect on your net pay with the take-home pay calculator, the salary calculator or the gross-to-net calculator, all of which include student loans.
On Plan 2 you repay 9% of income above £28,470. On £35,000 that's 9% of £6,530 = about £588 a year, or roughly £49 a month. Plan 5's lower £25,000 threshold means a bigger repayment.
£26,065 (Plan 1), £28,470 (Plan 2), £32,745 (Plan 4), £25,000 (Plan 5) and £21,000 (Postgraduate). You repay 9% above the threshold, or 6% for Postgraduate loans.
Yes, if you have both. You repay 9% above your undergraduate threshold plus 6% above £21,000, deducted together — which can take a noticeable bite out of your pay.
You repay nothing while your income stays below the threshold, and any remaining balance is written off after a set period (between 25 and 40 years depending on your plan), so many borrowers never repay in full.