Free UK Student Loan Repayment Calculator
Worked example (the default inputs above): £35,000 salary on Plan 2 → £35,000 − £29,385 threshold = £5,615 above the threshold → 9% of £5,615 = £505 a year, about £42 a month.
Key fact: The Department for Education forecasts that 55% of full-time students who started in England in 2025/26 will repay their loan in full (Department for Education, student loan forecasts for England, published 9 July 2026) — the rest have the balance written off at the end of their plan’s term, which is why the monthly figure above matters more than the total balance.
What this calculator does
UK student loans are income-contingent: you repay a percentage of what you earn above your plan’s threshold — never a percentage of your whole salary, and nothing at all below the threshold. This calculator applies the official GOV.UK 2026/27 thresholds and rates to the salary you enter, and adds the Postgraduate Loan deduction too if you have both loans. It covers all five plans, so graduates, current students and people who moved abroad can all check their figure in seconds.
How to use it (4 steps)
- Enter your annual gross salary — the figure before tax, not your take-home pay.
- Pick your loan plan — Plan 1, 2, 4, 5 or Postgraduate Loan (see the FAQ below if you are unsure which one you are on).
- Tick “also repaying a Postgraduate Loan” if you have a master’s or doctoral loan on top of your undergraduate loan.
- Read your repayment instantly — monthly, annual and weekly — and copy the link to keep the result.
→ Free EU Blue Card Minimum Salary Checker — check the 2026 Germany thresholds
The formula
Repayment = (annual salary − plan threshold) × rate, where the rate is 9% for Plans 1, 2, 4 and 5 and 6% for a Postgraduate Loan, and the result is floored at zero below the threshold. With both loans: repayment = 9% × max(0, salary − undergraduate threshold) + 6% × max(0, salary − £21,000). Example: £35,000 on Plan 2 → (£35,000 − £29,385) × 9% = £5,615 × 0.09 = £505 a year.
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Worked example with real numbers
A graduate in London earns £35,000 a year and is on Plan 2 (started an English degree in 2019). The 2026/27 Plan 2 threshold is £29,385, so £5,615 of the salary sits above it. At 9%, the repayment is £505.35 a year — about £42 a month, or £10 a week — taken automatically through PAYE. If the same graduate also holds a Postgraduate Loan, a second deduction applies: 6% of (£35,000 − £21,000) = £840 a year, so the combined repayment is £1,345 a year, about £112 a month (illustrative example using the official 2026/27 thresholds).
→ Free UK Net Salary Calculator — check the full payslip picture
Reference table: 2026/27 thresholds
Official GOV.UK repayment thresholds for the 2026/27 tax year (checked 11 November 2026):
| Plan | Who is on it | Annual threshold | Monthly | Rate | Written off |
|---|---|---|---|---|---|
| Plan 1 | England/Wales pre-Sep 2012; N. Ireland | £26,900 | £2,241 | 9% | 25 years / age 65* |
| Plan 2 | England/Wales Sep 2012 – Jul 2023 | £29,385 | £2,448 | 9% | 30 years |
| Plan 4 | Scotland | £33,795 | £2,816 | 9% | 30 years |
| Plan 5 | England from Aug 2023 | £25,000 | £2,083 | 9% | 40 years |
| Postgraduate | Master’s / doctoral, England & Wales | £21,000 | £1,750 | 6% | 30 years |
*Plan 1 write-off: 25 years after the April you were first due to repay, or age 65 for pre-2006 English and Welsh borrowers.
→ Free EU Blue Card Minimum Salary Checker — Germany 2026
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Sources and disclaimer
Method: the official GOV.UK 2026/27 repayment thresholds and rates — Plan 1 £26,900, Plan 2 £29,385, Plan 4 £33,795, Plan 5 £25,000, Postgraduate £21,000; 9% for undergraduate plans, 6% for Postgraduate Loans (GOV.UK, “Repaying your student loan”). Interest rates and write-off rules: Student Loans Company via GOV.UK. Data year: 2026/27.
Estimate only — not tax or financial advice. This tool estimates your PAYE student loan deduction from the official thresholds only. It does not cover two jobs, Self Assessment, overseas thresholds or overpayments — check your Student Loans Company account or GOV.UK for your exact position. Always verify current figures with the official source before making decisions.
Affiliate disclosure: Some links below may earn us a commission at no extra cost to you — see our affiliate disclosure.
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