Student Loan Calculator
Calculate your student loan repayments for 2026/27
Last updated: May 2026 · 2026/27 thresholds
Your Details
Your gross annual income
Loan Type
Not sure? Check when you started:
- • Before Sept 2012: Plan 1
- • Sept 2012 onwards (England/Wales): Plan 2
- • Sept 2023 onwards: Plan 5
- • Scotland: Plan 4
Loan Balances
Masters/PhD loan
Total Monthly Repayment
£42
Taken before you're paid (via PAYE)
Per Year
£505
Repayment Breakdown
Write-Off & Repayment Timeline
Write-off Period
30 years
From April after you finish course
Interest Rate
7.6%
Current rate for 2026/27
✓ Loan Likely to Be Written Off
At your current salary, you'll pay approximately £15,161over 30 years. Remaining balance will be written off.
Projected Balance Over Time
* Assumes constant salary. Interest at 7.6%. Balance grows with interest faster than repayments at lower salaries.
Plan Comparison
| Plan | Threshold | Rate | Write-off | Your Payment |
|---|---|---|---|---|
| Plan 1 | £26,900 | 9% | 25y | £61 |
| Plan 2 | £29,385 | 9% | 30y | £42 |
| Plan 4 | £33,795 | 9% | 30y | £9 |
| Plan 5 | £25,000 | 9% | 40y | £75 |
Understanding Student Loans
Quick Guide
Plan 1: Started undergraduate course before September 2012 in England or Wales, or any time in Northern Ireland
Plan 2: Started undergraduate course between September 2012 and July 2023 in England or Wales
Plan 4: Living in Scotland when course started (any year)
Plan 5: Started undergraduate course from September 2023 onwards in England or Wales
Postgraduate: Masters or Doctoral loan from any UK nation
Not Sure?
Check your loan details on gov.uk/sign-in-to-your-student-loan-account or contact Student Loans Company on 0300 100 0611.
Automatic Deduction
Repayments are taken automatically from your salary before you're paid (via PAYE), just like tax and National Insurance.
- • You only pay when earning above the threshold
- • You pay 9% of income above threshold (6% for postgraduate)
- • Repayments stop if income drops below threshold
- • Self-employed? Payments made via Self Assessment
Example: Plan 2
Salary: £35,000
Threshold: £29,385
Above threshold: £5,615
Monthly repayment: 9% × £5,615 ÷ 12 = £42
With Postgraduate Too
Salary: £35,000
Plan 2: £42/month
Postgrad (6% × £14,000 ÷ 12): £70/month
Total: £112/month
Tax year 2026/27 (6 April 2026 - 5 April 2027) | Thresholds and rates subject to annual review
Related calculators
Other free UK tools that follow on from this calculation.
Salary Calculator
Annual, monthly and weekly take-home pay after PAYE, NI, pension and student loan.
Income Tax Calculator
PAYE tax, National Insurance and take-home pay for any UK salary, including Scotland.
Self-Assessment Calculator
Self-employment tax including Class 4 NI at 6% and the payment-on-account schedule.