Combined Student Loan Calculator
Calculate your total monthly repayments when you have multiple student loan plans active at the same time, such as undergraduate and postgraduate loans.
Combined Loan Repayment Calculator
Calculate your monthly repayments for multiple student loan types.
Your Details
Undergraduate Loan
Postgraduate Loan
Your Combined Repayments
Total Monthly Repayment
£0
Repayment Breakdown
PLAN 2 Loan
£27,295 threshold, 0% interest
£0
Postgraduate Loan
£21,000 threshold, 0% interest
£0
Annual Repayment
£0
Effective Repayment Rate
Up to 0% of income above thresholds
This is the combined percentage of your income over the various thresholds that goes toward loan repayments.
About Combined Loan Repayments
When you have both undergraduate and postgraduate loans, you'll make repayments toward both simultaneously.
The total deduction can be significant - up to 15% of your income above the respective thresholds. All repayments are automatically deducted from your salary by your employer.
Multiple Loan Repayments Explained
Many graduates have multiple types of student loans active simultaneously, especially if they've completed both undergraduate and postgraduate studies.
How combined repayments work
If you have both undergraduate and postgraduate loans, you'll repay both at the same time once your income exceeds their respective thresholds:
- Undergraduate loans (Plan 1, 2, 4, or 5): 9% of income above the plan threshold
- Postgraduate loans: 6% of income above £21,000
This means you could end up paying 15% of your income above certain thresholds.
Example calculation
For someone earning £35,000 with both Plan 2 and Postgraduate loans:
- Plan 2 repayment: 9% of (£35,000 - £27,295) = £694 per year
- Postgraduate repayment: 6% of (£35,000 - £21,000) = £840 per year
- Total annual repayment: £1,534 (£128 per month)
Impact on your take-home pay
Combined repayments can significantly affect your monthly budget. For higher earners, total deductions can reach 15% of income above thresholds, which impacts disposable income and other financial goals like saving for a home deposit.
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Frequently Asked Questions
How do multiple student loan plans work together?
When you have multiple loan plans, you repay each one simultaneously once you earn above their respective thresholds. For undergraduate loans, you pay 9% of income above the threshold, and for postgraduate loans, you pay 6% above £21,000. This means you could pay 15% of your income above certain thresholds.
Can I have both Plan 2 and Postgraduate loans?
Yes, many students have both Plan 2 (or Plan 5) undergraduate loans and Postgraduate loans. You\'ll make repayments toward both loans simultaneously through your salary.
Do I make separate payments for each loan?
No, all student loan repayments are automatically deducted from your salary by your employer. The Student Loans Company then allocates your payment across your different loan plans based on their respective thresholds and rates.