Estimate your monthly and total repayments for Plan 4 student loans in Scotland.
Plan 4 loans apply to students who started university in Scotland after September 1998. You repay 9% of income above £27,660 per year.
Monthly Repayment
£17.55
9% of income above threshold
Annual Repayment
£210.60
Total to be Repaid
£6,318
Over the life of the loan (rough projection)
Total Interest Paid
—
Expected Write-Off Date
April 2048
30 years after graduation
Current Interest Rate: Lower of RPI or Base Rate +1% (currently 4.6% total)
This calculator helps you understand your Plan 4 student loan repayments based on your salary and graduation year. Plan 4 loans apply to students who studied in Scotland after September 1998.
Yes, Scottish universities do not charge tuition fees to Scottish residents or EU students (pre-Brexit). However, students from other parts of the UK studying in Scotland may have to pay tuition fees. Scottish students typically only have loans for living costs, resulting in lower average loan balances.
If you have both Plan 4 and a Postgraduate loan, you'll repay 9% of your income above the Plan 4 threshold (£27,660) plus an additional 6% of your income above the Postgraduate loan threshold (£21,000). This means you could be repaying a total of 15% on some portions of your income.
Yes, the Plan 4 repayment threshold is typically adjusted annually in line with inflation. This helps ensure that the real-terms value of the threshold remains consistent over time, protecting borrowers from repayment increases due to inflation alone.
If you're from Scotland but studied in England, you might have a different loan plan. Check our Plan 2 calculator instead.
Plan 2 Calculator