Student loan repayment calculator
Tax year 2026/27See how much you repay each year, month and week on any mix of student loan plans.
Your student loan repayments
Enter your pay, tick any plans and press Calculate. Your result appears here straight away.
How student loan repayments work
You repay a share of your pay above a yearly threshold. Below the threshold you repay nothing. The threshold and the share depend on your plan:
| Plan | Yearly threshold | You repay |
|---|---|---|
| Plan 1 | £26,900 | 9% of pay above it |
| Plan 2 | £29,385 | 9% of pay above it |
| Plan 4 (Scotland) | £33,795 | 9% of pay above it |
| Plan 5 | £25,000 | 9% of pay above it |
| Postgraduate Loan | £21,000 | 6% of pay above it |
A worked example
On pay of £35,000 with a Plan 2 loan, the part above the threshold is £5,615. You repay 9% of that, which is £505.35 a year, or about £42.11 a month.
Which plan are you on?
It depends on where you studied and when your course started (GOV.UK: which repayment plan you are on). For example:
- Plan 1: courses in England or Wales that started before 1 September 2012, and all loans from Student Finance NI (Northern Ireland), undergraduate or postgraduate.
- Plan 2: courses in England that started between 1 September 2012 and 31 July 2023, and courses in Wales that started on or after 1 September 2012.
- Plan 4: loans from the Student Awards Agency Scotland.
- Plan 5: courses in England that started on or after 1 August 2023.
- Postgraduate Loan: master's and doctoral courses.
Other loans, such as Advanced Learner Loans, are also covered on that GOV.UK page if you are not sure.
More than one loan
If you have more than one undergraduate plan, you still make a single repayment, worked out on the lowest threshold of your plans. A Postgraduate Loan is different: its repayment is added on top of any undergraduate repayment.
How repayments are taken
If you are employed, repayments are taken from your pay at the same time as tax and National Insurance, and your payslip shows them (GOV.UK: how you repay). Your employer uses the same pay that National Insurance is worked out on, so a pension through salary sacrifice lowers your repayment, but a net pay pension does not. The salary calculator shows this. Employers work out each pay period separately and round each repayment down to a whole pound, so your payslips can add up to slightly less than the yearly figure here.
What this calculator does not cover
It shows repayments only. It does not include interest, your loan balance or when your loan is written off, as those depend on your plan and personal details. GOV.UK explains these for each plan (GOV.UK: repaying your student loan).