Student Loan Repayment Calculator UK 2026
Calculate your UK student loan repayments for the 2026 tax year. Covers all plans: Plan 1 (£26,065), Plan 2 (£28,470), Plan 4 (£32,745), Plan 5 (£25,000), and Postgraduate (£21,000). Repayments are 9% above threshold (6% for Postgraduate).
Used to estimate years to repay
Plan 2 · 9% on income above £28,470 · 2025/26
Annual Student Loan Repayment
£138
Repayment estimate
Note: Plan 1 debt is written off at age 65; Plan 2 after 30 years; Plan 4 after 30 years; Plan 5 after 40 years. Interest accrues on your balance.
Frequently Asked Questions
How is student loan repayment calculated in the UK?
UK student loan repayments are income-contingent — you repay 9% of income above the repayment threshold (6% for Postgraduate loans). If you earn below the threshold, you pay nothing. Repayments are collected via PAYE, like income tax.
What are the student loan repayment thresholds for 2026?
Plan 1: £26,065 · Plan 2: £28,470 · Plan 4 (Scotland): £32,745 · Plan 5: £25,000 · Postgraduate: £21,000. All thresholds for the 2026 tax year. Repayment rate is 9% above threshold (6% for Postgraduate).
Which student loan plan am I on?
Plan 1: started before September 2012 (England/Wales) or any time (Northern Ireland). Plan 2: started from September 2012 to July 2023 (England/Wales). Plan 4: Scotland. Plan 5: started from August 2023 (England/Wales). Postgraduate: masters or doctoral loans.
When is my student loan written off?
Plan 1 is written off when you turn 65 or 25 years after you first became due to repay (whichever comes first). Plan 2 and Plan 4 are written off 30 years after you became due to repay. Plan 5 is written off after 40 years. Postgraduate loans are written off after 30 years.
Do I repay student loan if I earn below the threshold?
No — student loan repayments only apply to income above the threshold. If your salary drops below the threshold for your plan, repayments pause automatically. They restart when your income rises above the threshold again.