You repay your student loan through payroll at a percentage of earnings above your plan's threshold. If you earn less than the threshold, you pay nothing that month.
| Plan | Yearly threshold | Monthly | Rate |
|---|---|---|---|
| Plan 1 | £26,900 | £2,241 | 9% |
| Plan 2 | £29,385 | £2,448 | 9% |
| Plan 4 (Scotland) | £33,795 | £2,816 | 9% |
| Plan 5 | £25,000 | £2,083 | 9% |
| Postgraduate Loan | £21,000 | £1,750 | 6% |
Which plan am I on?
- Plan 1: English or Welsh students who started before September 2012, and Northern Ireland students.
- Plan 2: English or Welsh students who started between September 2012 and July 2023.
- Plan 4: Scottish students.
- Plan 5: English students who started on or after 1 August 2023. Repayments start from April 2026.
Example
On a £35,000 salary with a Plan 2 loan you repay 9% of (£35,000 − £29,385) = £505 a year, or about £42 a month. With a Plan 5 loan it would be £900 a year (£75 a month).
See what you'll repay with the student loan repayment calculator, or include it in your payslip with the take-home pay calculator.
Last reviewed October 2026.