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Plot No. 78 · Money & Finance

Student Loan Repayment Calculator (UK)

Estimate your monthly UK student loan repayment from your salary and repayment plan. Unlike a fixed loan payment, income-contingent plans only take a percentage of what you earn above a threshold, so repayments rise and fall automatically with your salary.

Inputs
Results
Monthly repayment£19.61
Annual repayment£235.35
Repayment threshold (2026/27)£29,385
Percent of salary0.74%

You repay 9% of income above the 2026/27 threshold of £29,385 on Plan 2, regardless of how much you originally borrowed. This is the payslip deduction only, so it does not add interest or project a write-off date.

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Frequently asked questions

How is UK student loan repayment worked out?

You repay a fixed percentage, 9 percent for Plans 1, 2, 4 and 5, or 6 percent for a Postgraduate Loan, of whatever you earn above your plan's threshold. It is not based on how much you borrowed and does not shrink your balance faster if you earn less.

Which plan am I on?

It depends on where and when you studied. English and Welsh undergraduates from 2012 to 2022 are usually Plan 2, from 2023 onward usually Plan 5, Scottish and Northern Irish undergraduates are usually Plan 1 or 4, and anyone with a postgraduate master's or doctoral loan repays that separately.

Do these thresholds change?

Yes, the government resets them each April and they do not always rise with inflation. This calculator uses the 2026/27 figures published on gov.uk: 26,900 pounds on Plan 1, 29,385 pounds on Plan 2, 33,795 pounds on Plan 4, 25,000 pounds on Plan 5 and 21,000 pounds on a Postgraduate Loan. Plan 2 rose for 2026/27 after being frozen at 27,295 pounds since 2023, while Plan 5 stays frozen at 25,000 pounds.

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Related guides

Best free UK student loan repayment calculator

Which free UK student loan repayment calculator to use, with the 2026/27 thresholds for Plans 1, 2, 4, 5 and Postgraduate and an honest table comparing Calc Garden, student-loan-calculator.co.uk, The Salary Calculator and your SLC account.