How to use the Student Loan Repayment Calculator
- 1 Enter your yearly income before tax.
- 2 Choose your loan plan.
- 3 Choose whether you also have a Postgraduate loan.
- 4 Read your repayment a month, a year and a week.
Worked example
£35,000 salary on Plan 2. Income above the £29,385 threshold is £5,615, and 9% of that is £505.35 a year, which is about £42.11 a month. With a Postgraduate loan too, a further 6% of the £14,000 above £21,000 adds £840 a year.
Features
Every plan
Plan 1, 2, 4 and 5 and Postgraduate loans with their own thresholds.
Combined loans
Undergraduate and postgraduate repayments added together.
2026/27 thresholds
Plan 1 £26,900, Plan 2 £29,385, Plan 4 £33,795, Plan 5 £25,000 and Postgraduate £21,000.
When to use it
Checking payslips
Compare the monthly figure with the deduction on your payslip.
Pay rises
See how much more you will repay after a raise.
Job offers
Include student loan in take-home pay comparisons.
Overpaying
Decide whether paying extra is worth it on your plan.
Frequently asked questions
Which plan am I on?
Plan 1 is for English and Welsh students who started before September 2012 and for Northern Ireland. Plan 2 is for English and Welsh students from 2012 to July 2023. Plan 4 is Scotland. Plan 5 is for English students starting from August 2023.
How much do I repay?
9% of income above your plan's threshold, or 6% above £21,000 for a Postgraduate loan. Below the threshold you repay nothing.
Is it based on monthly or yearly pay?
Employers deduct it each pay period using a monthly or weekly threshold, so a one-off bonus month can trigger a repayment even if your yearly income is below the threshold.
When is the loan written off?
Plan 1 after 25 years or at 65 for older loans, Plan 2 after 30 years, Plan 4 after 30 years, Plan 5 after 40 years and Postgraduate after 30 years.
Should I overpay?
Often not on Plan 2 or Plan 5, because many borrowers will never repay in full before write-off. On Plan 1 or a smaller balance, overpaying can save interest. Look at your balance and expected pay first.
Does interest affect monthly repayments?
No. Repayments depend only on income. Interest changes the balance and how long you repay, not the monthly amount.
Do self-employed people repay?
Yes, through Self Assessment, based on total income for the year.
Does my student loan affect my credit score?
No. Student loans from the Student Loans Company do not appear on your credit file, although lenders may ask about repayments when checking what you can afford.
What if I move abroad?
You must tell the Student Loans Company. Repayments continue based on overseas thresholds for the country you live in.
Results are estimates based on the official rates linked above. Confirm important figures with the issuing authority or a qualified adviser before you act on them.
Reviewed by ToolsUnlocked Team · Last updated