🎓 Plan 1 · Plan 2 · Plan 4 · Postgrad · 2025/26

Student Loan
Repayment Calculator

Find out exactly how much student loan you repay each month in 2025/26 — covering all UK plans including Plan 2, Plan 4 and the Postgraduate Loan.

Your Loan Details

2025 / 26

Loan Plan

Plan 2: Repay 9% of income above £27,295/year. Written off after 30 years (or 40 years for new students from 2023 onwards).

Annual Gross Salary

Outstanding Balance optional

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Your repayments appear here

Select your plan and enter your salary

MONTHLY STUDENT LOAN REPAYMENT

£0

PLAN 2 · 9% ABOVE £27,295

Annual SalaryGross before deductions

£0

Repayment ThresholdYou pay nothing below this

£0

Repayable IncomeSalary above threshold

£0

Repayment Rate

Annual Repayment

£0

✅ Student loans are written off after a set period — you may never repay the full balance. Interest accrues at the RPI rate for your plan.

Monthly Repayment£0

Wondering if it's worth repaying early? MoneySavingExpert's Martin Lewis says for most Plan 2 students it's not worth overpaying. Use our calculator to see your position.

See Take-Home Pay →

2025/26 Student Loan Thresholds

Plan	Threshold 2025/26	Rate	Write-off
Plan 1	£24,990	9%	25 years
Plan 2	£27,295	9%	30 yrs (40 yrs new)
Plan 4	£31,395	9%	30 years
Postgraduate	£21,000	6%	30 years

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Take-Home Pay

Net pay after all deductions

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Your NI contributions

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Convert salary to hourly rate

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Savings Goal

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Mortgage Affordability

How much can you borrow?

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Redundancy Pay

Statutory redundancy entitlement

Frequently Asked Questions

Which student loan plan am I on?

Plan 1: England/Wales starters before 1 September 2012, or Scotland/NI starters before 1 September 1998. Plan 2: England/Wales starters from 1 September 2012 onwards. Plan 4: Scottish students from 1998 onwards. Postgraduate Loan: Masters or Doctoral study. You can check your plan on your Student Finance account or payslip.

Do I have to repay my student loan if I earn below the threshold?

No. Repayments are completely automatic and only begin once your income exceeds your plan's threshold. You pay nothing on income below the threshold. If your income drops below the threshold repayments stop automatically.

Is it worth repaying my student loan early?

For most Plan 2 borrowers it is not worth making voluntary overpayments. Because the loan is written off after 30 years (or 40 for recent starters), many graduates never repay the full balance. Making early repayments of debt that would be written off wastes money. Check your expected repayments before deciding.

How much interest is charged on student loans?

Interest rates are linked to RPI inflation and vary by plan. Plan 2 interest is currently RPI + 0–3% depending on income. Plan 1 is RPI or Bank of England base rate + 1%, whichever is lower. For 2025/26 rates check the Student Loans Company website as these change each September.