Your Loan Details
Enter your salary and loan details on the left and click Calculate Repayments to see your results.
Which Student Loan Plan Am I On?
Your loan plan depends on where you studied and when you started your course. There are four plans currently in repayment:
- Plan 1 — You started an undergraduate course before September 2012 in England or Wales, or you studied at any time in Northern Ireland. If you took a postgraduate loan before August 2006 in Scotland, that is also Plan 1.
- Plan 2 — You started an undergraduate course between September 2012 and July 2023 in England or Wales. This is the most common plan.
- Plan 4 — You studied in Scotland, regardless of when you started. The Student Awards Agency Scotland (SAAS) administers this plan, and it has the highest repayment threshold of all four plans.
- Plan 5 — You started an undergraduate course on or after 1 August 2023 in England. Plan 5 has the longest write-off period (40 years) and a lower threshold than Plan 2.
If you're unsure which plan you're on, check your Student Finance correspondence, log in to the Student Loans Company (SLC) portal at studentloanrepayment.co.uk, or look at your payslip — the deduction code identifies the plan.
Note: postgraduate loans (Master's and Doctoral loans) are repaid under a separate Postgraduate Loan plan at 6% above a different threshold (£21,000 in 2026/27). This calculator covers undergraduate plans only.
Repayment Thresholds & Write-Off Periods
The table below summarises the key figures for each plan in 2026/27. You only repay when your income exceeds the threshold — and the loan is automatically written off after the write-off period, regardless of how much remains.
| Plan | Annual Threshold 2026/27 | Monthly Threshold | Weekly Threshold | Write-Off Period | Interest Basis |
|---|---|---|---|---|---|
| Plan 1 | £26,900 | £2,241.66 | £517.30 | 25 years | RPI or Bank Rate +1% |
| Plan 2 | £29,385 | £2,448.75 | £565.09 | 30 years | RPI to RPI+3% (income-linked) |
| Plan 4 | £33,795 | £2,816.25 | £649.90 | 30 years | RPI or Bank Rate +1% |
| Plan 5 | £25,000 | £2,083.33 | £480.76 | 40 years | RPI throughout study and repayment |
Repayments are always calculated at 9% of income above the threshold, regardless of the plan. Thresholds are reviewed annually and can change — the figures above are for the 2026/27 tax year.
Worked Examples
These examples use Plan 2 figures for 2026/27 (threshold: £29,385, rate: 9%).
£30,000 salary — Plan 2
£40,000 salary — Plan 2
£60,000 salary — Plan 2
Important Considerations
The majority of Plan 2 and Plan 5 borrowers will not clear their full balance before write-off. Interest accrues throughout the repayment period, but this is largely irrelevant if you are on course to hit the write-off date — you will simply stop repaying at that point, regardless of the remaining balance. Think of it less like a traditional loan and more like a graduate income tax that expires after 30 or 40 years.
Making voluntary overpayments only makes financial sense if you are confident you will repay the full balance before the write-off date — otherwise you are paying off a debt that would have been cancelled for free. For most Plan 2 and Plan 5 borrowers with typical graduate salaries, voluntary overpayments are not recommended. Use an independent financial adviser before making large overpayments.
Student loan repayments are calculated on your total taxable income as reported via Self Assessment or PAYE. This includes salary, savings interest, rental income, dividends and other investment income — not just your employment earnings. If you have multiple income sources, your actual repayment may be higher than a salary-only estimate suggests.