How much will I repay on my student loan?

For anyone repaying a UK student loan who wants to know how much they will pay.

Applies to: England, Scotland, Wales, Northern Ireland Last checked against official sources: 30 September 2026

You repay 9% of income over your plan's threshold (6% for Postgraduate Loans), not based on how much you owe. Yearly thresholds:

Plan 1: £26,900
Plan 2: £29,385
Plan 4: £33,795
Plan 5: £25,000
Postgraduate Loan: £21,000

Example: on Plan 1 earning £33,000 a year, you'd repay £45 a month.

Key facts

9% over threshold
Plan 2: £29,385
Based on income, not debt

Student loan repayment thresholds for 2026/27

These thresholds apply from 6 April 2026. You only repay when your income is over the threshold for your plan.

Plan	Yearly	Monthly	Weekly	You repay
Plan 1	£26,900	£2,241	£517	9% over threshold
Plan 2	£29,385	£2,448	£565	9% over threshold
Plan 4	£33,795	£2,816	£649	9% over threshold
Plan 5	£25,000	£2,083	£480	9% over threshold
Postgraduate Loan	£21,000	£1,750	£403	6% over threshold

The amount you repay is based on what you earn, not on how much you owe.

Which plan you are on

Plan	Who it is for
Plan 1	From England or Wales and started before 1 September 2012, or any student loan from Northern Ireland (undergraduate or postgraduate)
Plan 2	From England and started between September 2012 and July 2023, or from Wales and started on or after 1 September 2012
Plan 4	Your loan came from the Student Awards Agency Scotland
Plan 5	From England and started on or after 1 August 2023
Postgraduate Loan	Master's or doctoral loan from Student Finance England or Student Finance Wales

Worked examples (2026/27)

Plan 2, earning £35,000 a year

Income over threshold: £35,000 minus £29,385 = £5,615
9% of £5,615 = £505.35 a year
That is about £42 a month

Plan 5, earning £30,000 a year

Income over threshold: £30,000 minus £25,000 = £5,000
9% of £5,000 = £450 a year, or £37.50 a month

Plan 2 and a Postgraduate Loan, earning £40,000 a year

Postgraduate: 6% of (£40,000 minus £21,000) = £1,140 a year (£95 a month)
Plan 2: 9% of (£40,000 minus £29,385) = £955.35 a year (about £80 a month)
Total: £2,095.35 a year

What changes the amount

Your pay. If you are paid weekly or monthly, your employer takes repayments when your pay for that week or month is over the threshold. If your total for the whole year ends up under the yearly threshold, you can ask for a refund.
More than one undergraduate plan. You repay 9% of income over the lowest threshold of the plans you have.
A Postgraduate Loan as well. You repay both: 6% over £21,000 and 9% over your lowest other threshold, as in the example above.
Self-employment. HMRC works out what you owe from your Self Assessment tax return.
Stopping work. Repayments stop if your income drops below the threshold.

When you start repaying

The earliest you start is the April after you leave your course. There is no penalty for paying extra early. Student loans do not affect your credit score, but mortgage lenders may take them into account.

Related guides

Where these figures come from

Get it done

This takes you to the official service, which is free to use.

Check your repayment plan

Common questions

Is interest added if I earn below the threshold?

Yes, interest is still added.

I have 2 jobs. Do they combine?

No. Repayments only come from jobs paying over the threshold.

Source: Repaying your student loan: how much you repay

Checked against GOV.UK on 30 September 2026

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