Student loan repayment calculator 2026-27
How much of your pay goes on your student loan? Enter your salary, tick your plan (or plans) and see what you repay each year, month and week on Plan 1, Plan 2, Plan 4, Plan 5 and a Postgraduate Loan. It uses the GOV.UK thresholds for 2026-27 (6 April 2026 to 5 April 2027), with 2025-26 to compare.
Your plan(s)
Not sure which plan you're on? Started in England or Wales between September 2012 and July 2023: usually Plan 2. Before September 2012, or in Northern Ireland: Plan 1. Scotland (SAAS): Plan 4. England from August 2023: Plan 5. Master's or doctoral loan: Postgraduate Loan. Check which plan you're on (GOV.UK), or compare the two English plans in our Plan 2 vs Plan 5 guide.
Student loan thresholds 2026-27
| Plan | Year | Month | Week | Rate |
|---|---|---|---|---|
| Plan 1 | £26,900 | £2,241 | £517 | 9% |
| Plan 2 | £29,385 | £2,448 | £565 | 9% |
| Plan 4 (Scotland) | £33,795 | £2,816 | £649 | 9% |
| Plan 5 | £25,000 | £2,083 | £480 | 9% |
| Postgraduate Loan | £21,000 | £1,750 | £403 | 6% |
2025-26 for comparison: Plan 1 £26,065, Plan 2 £28,470, Plan 4 £32,745, Postgraduate Loan £21,000. GOV.UK's 2025-26 employer rates list no Plan 5 threshold, because Plan 5 repayments start from April 2026.
How this is worked out
- Plans 1, 2, 4 and 5: 9% of your income over your plan's threshold. Income means your pay before tax and other deductions, including bonuses and overtime. A workplace pension taken from your pay doesn't reduce it (salary sacrifice does, because your salary itself is lower).
- More than one plan: if you have two undergraduate plans you make a single 9% repayment over the lowest threshold. GOV.UK caps the share that goes to the lowest-threshold plan at 9% of the gap between the two thresholds, and the rest goes to your other loan.
- Postgraduate Loan: 6% of your income over £21,000, paid on top of any undergraduate plan (so 15% in total on income over both thresholds).
- Employees: your employer takes repayments each payday when that payday's pay is over the monthly or weekly threshold, rounded down to the pound. The monthly and weekly columns in the result are the yearly figure divided by 12 and 52; the "your employer would take" line shows the payroll figure on even pay. If you have two jobs, each job is checked separately against the threshold.
- Self-employed: HMRC works out the yearly repayment from your Self Assessment return on your total income (profit plus any salary, plus unearned income such as savings interest or dividends if it's over £2,000, which this calculator doesn't include). Anything already taken through payroll is deducted.
- Interest and balance don't change what you repay each month. They only affect how long the loan lasts. See how interest and write-off differ in the Plan 2 vs Plan 5 guide.
Sources: Repaying your student loan: how much you repay, When you start repaying, Rates and thresholds for employers 2026 to 2027, Rates and thresholds for employers 2025 to 2026, Tell HMRC about a student loan in your tax return. Checked 17 October 2026. These are estimates, not financial advice.
See the whole payslip
Your student loan is only one deduction. The take-home pay calculator adds Income Tax, National Insurance and pension to show what actually lands in your account, and salary after tax has a full breakdown for 36 common salaries, such as £30,000 and £45,000.
Frequently asked questions
What are the student loan repayment thresholds for 2026-27?
From 6 April 2026 you repay 9% of your income over £26,900 a year on Plan 1, £29,385 on Plan 2, £33,795 on Plan 4 (Scotland) and £25,000 on Plan 5. On a Postgraduate Loan you repay 6% of your income over £21,000. These are the yearly figures on GOV.UK; payroll uses the monthly or weekly equivalents, such as £2,241 a month for Plan 1.
How much student loan will I repay on a £30,000 salary?
On Plan 2 in 2026-27 you repay 9% of the £615 you earn over £29,385, which is £55.35 a year or about £4.61 a month. On Plan 1 it's 9% of £3,100, so £279 a year (about £23.25 a month), and on Plan 5 it's 9% of £5,000, so £450 a year (£37.50 a month).
I have a Postgraduate Loan and an undergraduate loan. Do I pay both?
Yes. GOV.UK says you repay 6% of your income over £21,000 for the Postgraduate Loan and, on top of that, 9% of your income over the lowest threshold of your other plans. If you have more than one undergraduate plan (say Plan 1 and Plan 2) you still only pay one 9% deduction, worked out on the lowest threshold.
Does the amount I owe change my monthly repayment?
No. Your repayment depends only on your income and your plan, not on how much you borrowed or how much interest has been added. Interest still affects how long it takes to clear the loan and whether it's written off before you finish paying.
How do self-employed people repay student loans?
Through Self Assessment. HMRC works out your repayment for the whole year from your tax return, using your total income: self-employed profit plus any salary, and unearned income such as savings interest or dividends if it's over £2,000. Anything your employer already took through payroll is deducted, and you pay the rest with your tax bill.
Why is my payslip deduction slightly different from this calculator?
Payroll works on each pay period, not the whole year. Your employer compares each month's (or week's) pay with the monthly or weekly threshold and rounds the deduction down to the whole pound, so a bonus month can trigger a repayment even if your yearly pay is under the threshold. You can ask for a refund if your income for the whole tax year was under the yearly threshold.
Plan what's left each month
Once you know your repayment, the next job is making the rest of your pay stretch. The Household Bills & Budget Planner (£7, Excel and Google Sheets) lists every bill, however often it's paid, turns it into one monthly figure and shows what's left after bills and savings.
Get the bills & budget planner (£7)Prefer free? Try the bills monthly cost calculator. Self-employed? The tax set-aside calculator shows how much to put away for your tax bill.