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Student loan repayments 2026/27

Reviewed by ClearPayslip editorial teamUpdated on Methodology

Short answer

In 2026/27 you repay 9% of your income above £26,900 on Plan 1, £29,385 on Plan 2, £33,795 on Plan 4 and £25,000 on Plan 5, plus 6% above £21,000 on a Postgraduate Loan. Repayments are taken through payroll.

Key facts

  • Plan 1:9% above £26,900 a year.
  • Plan 2:9% above £29,385 a year.
  • Plan 4:9% above £33,795 a year.
  • Plan 5:9% above £25,000 a year.
  • Postgraduate Loan:6% above £21,000 a year.
PlanWho has itThreshold (year)Per monthRate
Plan 1England or Wales students who started before September 2012, and Northern Ireland students£26,900£2,2419%
Plan 2England or Wales students who started between September 2012 and July 2023£29,385£2,4489%
Plan 4Scottish students (SAAS)£33,795£2,8169%
Plan 5England students who started on or after 1 August 2023£25,000£2,0839%
Postgraduate LoanMaster’s and doctoral loans (England and Wales)£21,000£1,7506%

Monthly thresholds are the annual threshold divided by 12, rounded down; payroll applies them per pay period, so repayments depend on what you earn each month.

How much you repay by salary

SalaryPlan 1Plan 2Plan 4Plan 5Postgraduate
£25,000£0£0£0£0£240
£30,000£279£55£0£450£540
£35,000£729£505£108£900£840
£40,000£1,179£955£558£1,350£1,140
£50,000£2,079£1,855£1,458£2,250£1,740
£60,000£2,979£2,755£2,358£3,150£2,340
£80,000£4,779£4,555£4,158£4,950£3,540

Things to know

  • Repayments are worked out on gross pay before pension contributions under a net pay arrangement; salary sacrifice reduces them.
  • If you have an undergraduate plan and a Postgraduate Loan, you repay both at the same time (15% in total above the thresholds).
  • The Plan 2 threshold rose to £29,385 in April 2026 and the government has said it will stay at this level until April 2030.
  • The Plan 5 threshold stays at £25,000 until April 2027.

Frequently asked questions

What is the Plan 2 threshold for 2026/27?

£29,385 a year (£2,448 a month). You repay 9% of anything you earn above it.

Which plan am I on?

It depends on where and when you started your course: Plan 1 for England or Wales before September 2012 and for Northern Ireland, Plan 2 for England or Wales from September 2012 (to July 2023 in England), Plan 4 for Scotland and Plan 5 for England from August 2023. You can check in your Student Loans Company account.

Does a student loan affect my tax?

No. Repayments come out of your take-home pay but do not change your Income Tax or National Insurance.

Official sources