UK Student Loan Repayment Calculator
Your student loan repayment depends on which plan you're on and what you earn. Enter your salary to see your 2026/27 monthly repayment and how long the debt follows you around.
How to use this calculator
- Enter annual salary.
- Enter your loan plan.
- Your results appear instantly below and update as you change the numbers.
How this calculator works
You repay 9% of everything you earn above your plan's threshold each month (6% for postgraduate loans), deducted from your pay like tax, from the April after you finish your course. Repayments stop if your income falls below the threshold and are written off after a set number of years regardless of the balance. Worked example: a Plan 2 borrower on £32,000 repays 9% of £2,615 (income above £29,385) — £235 a year, or about £20 a month. A Plan 5 borrower on the same salary repays 9% of £7,000 — £630 a year, £53 a month.
Frequently asked questions
Which plan am I on?
Plan 1: English or NI loans started before September 2012. Plan 2: English or Welsh loans from September 2012 to July 2023. Plan 4: Scottish loans. Plan 5: English loans from August 2023. Postgraduate loans repay at 6%. Check your plan on the Student Loans Company website.
What are the 2026/27 repayment thresholds?
Plan 1 £26,900, Plan 2 £29,385, Plan 4 £33,795, Plan 5 £25,000, and postgraduate £21,000. Repayment is 9% above the threshold for plans 1/2/4/5 and 6% for postgraduate. Thresholds are re-announced each December.
Should I overpay my student loan?
Usually not for Plan 2/5 borrowers — because the balance is written off after 30/40 years and payments are income-linked, most borrowers never repay in full, making overpayments wasted money. Plan 1 borrowers with low balances are more likely to benefit. Paying extra is only sensible if you're confident you'll clear the balance.
Disclaimer: Results are estimates for general information only and do not constitute financial, tax, or legal advice. Figures reflect the current tax year and may change. Always confirm current limits and consult a qualified professional before making decisions. Official figures: GOV.UK income tax rates · National Insurance · Stamp Duty Land Tax.