UK Student Loan Repayment Calculator 2026/27
How much of your pay goes on student loan repayments in 2026/27, for Plans 1, 2, 4 and 5 and postgraduate loans, a year and on each monthly payslip.
Result
Repayment for the year: £955.35Estimate
Repayments stop when the loan is repaid or written off. Plan 1 rises to £28,005 from April 2027.
- Deducted from each monthly payslip
- £79.00Estimate
- Twelve monthly deductions
- £948.00Estimate
- Undergraduate plan, for the year
- £955.35Estimate
- Postgraduate loan, for the year
- £0.00Estimate
https://calcgallery.com/finance/uk-student-loan-repayment-calculator/
Results are arithmetic estimates based on the values you enter. Rates, fees and terms are set by your lender or provider, and your actual agreement controls what you pay or receive. Confirm important figures with them or with a qualified adviser. Read the full disclaimer
How to use the UK Student Loan Repayment Calculator 2026/27
- Enter your income for the year before tax.
- Pick your undergraduate plan, and say if you also have a postgraduate loan.
- Read what you repay in the year and what comes off each monthly payslip.
The calculation
Student loan repayments work like a tax on income above a threshold, collected through PAYE with income tax and National Insurance.
undergraduate = 9% × (income − plan threshold), not below zeropostgraduate = 6% × (income − £21,000), not below zeropayslip = each month's figure, rounded down to the poundIf you have more than one undergraduate plan, the 9% is charged once, above the lowest of your thresholds. The Student Loans Company then splits it between the plans.
With your numbers
- 9% of income above your plan’s threshold, plus 6% above £21,000 for a postgraduate loan
- Payroll rounds each month’s deduction down to the pound
Quick reference
Repayments stop when the loan is repaid or written off. Plan 1 rises to £28,005 from April 2027.
| Example | Repayment for the year |
|---|---|
| Plan 2, £40,000 | £955.35 |
| Plan 2, £30,000 | £55.35 |
| Plan 1, £35,000 with postgraduate | £1,569.00 |
| Plan 4, £45,000 | £1,008.45 |
| Plan 5, £28,000 | £270.00 |
| Postgraduate only, £30,000 | £540.00 |
Where the numbers come from
The fixed figures this calculator relies on, and the published source each one was checked against. How the calculators are built and checked
3 sources
GOV.UK, Repaying your student loan: what you pay, https://www.gov.uk/repaying-your-student-loan/what-you-pay
Used for
- Student loan Plan 1 repayment threshold, a year.
- Student loan Plan 2 repayment threshold, a year.
- Student loan Plan 4 repayment threshold, a year.
- Student loan Plan 5 repayment threshold, a year.
- Postgraduate loan repayment threshold, a year.
GOV.UK, Repaying your student loan: what you pay, https://www.gov.uk/repaying-your-student-loan/what-you-pay: "9% of your income over the lowest threshold"
Used for
- Undergraduate plans: repayment rate on income above the threshold.
GOV.UK, Repaying your student loan: what you pay, https://www.gov.uk/repaying-your-student-loan/what-you-pay: "6% … over the Postgraduate Loan threshold"
Used for
- Postgraduate loan: repayment rate on income above the threshold.
Common questions about the UK Student Loan Repayment Calculator 2026/27
- How much do I repay on a student loan?
- 9% of income above your plan's threshold. For 2026/27 that is £26,900 for Plan 1, £29,385 for Plan 2, £33,795 for Plan 4 and £25,000 for Plan 5. A postgraduate loan is repaid at 6% of income above £21,000, on top of any undergraduate repayment.
- Which plan am I on?
- Plan 1 is for English and Welsh students who started before September 2012, and Northern Irish students. Plan 2 is for English and Welsh students who started from September 2012 to July 2023. Plan 4 is for Scottish students. Plan 5 is for English students who started in or after August 2023. Your plan is on your Student Loans Company account.
- Why is my payslip deduction different from 9% of my yearly income?
- Payroll works out each pay period on its own: the month's pay above a twelfth of the threshold, times 9%, rounded down to the pound. If your pay is steady, twelve monthly deductions come to a few pounds less than the yearly figure. If your pay varies, a high month can trigger a repayment even when the year's income is below the threshold, and you can claim a refund.
- When is the loan written off?
- Plan 1 25 years after you were first due to repay, Plan 2 and Plan 4 after 30 years, Plan 5 after 40 years, and postgraduate loans after 30 years. Earlier Plan 1 and Plan 4 loans can be written off at 65.
- Does the interest rate change what I repay each month?
- No. Monthly repayments depend only on income. Interest changes the balance, and so how long you keep repaying and whether the loan is written off before it is cleared.