Student Loan Repayment Calculator
Our student loan repayment calculator shows monthly repayments based on your plan. You repay 9% of income above your threshold.
Thresholds 2026/27
- Plan 1: 9% above £24,990
- Plan 2: 9% above £27,295
- Plan 4: 9% above £31,395
- Plan 5: 9% above £25,000
- Postgrad: 6% above £21,000
Student Loan Repayment Calculator
Calculate your monthly student loan repayments based on your salary for 2026/27.
Select your repayment plan carefully before entering your salary. Plan 1 covers pre-2012 English and Welsh students and all Northern Irish and Scottish graduates. Plan 2 covers English and Welsh graduates from September 2012 to July 2023. Plan 4 is for Scottish graduates from Scottish institutions. Plan 5 covers English students from August 2023. The repayment threshold, rate, and write-off period differ for each. Enter your gross salary — repayments are 9% of earnings above the threshold for Plans 1, 2, 4, and 5. Results show your monthly repayment, time to clear the balance, and total interest paid. For many moderate earners on Plan 2, the balance grows with interest faster than repayments reduce it, and the loan is written off after 30 years without being fully repaid — making it function more like a graduate tax.