Find your exact student loan plan and repayment terms based on where and when you studied. Essential for understanding your repayment obligations and planning your finances.
Your student loan plan determines your repayment threshold, interest rates, and write-off period. Getting this right is essential for financial planning.
This determines which student finance agency funded your course
The year you started your course (not when you applied)
Bachelor's degree (BA, BSc, etc.)
Successfully completed course
Plan 1: Pre-2012, lowest threshold (£22k)
Plan 2: 2012-2023, middle threshold (£27k)
Plan 4: Scotland only, highest threshold (£31k)
Plan 5: 2023+, new terms, longest write-off
Postgrad: Master's/PhD, 6% rate, £21k threshold
For students who started 2012-2023 in England/Wales
Your Plan: RPI + up to 3% (income-dependent)
• While studying and earning under £27,295: RPI
• Earning £27,295-£49,130: RPI + up to 3% (graduated)
• Earning over £49,130: RPI + 3%
Now that you know your plan, use our specialized calculators to estimate your repayments.
Check your student loan statement or contact SLC to confirm your plan and outstanding balance.
Contact Student Finance →| Plan | Threshold | Rate | Write-off | Interest Method | Applies To |
|---|---|---|---|---|---|
Plan 1 | £22,015 | 9.0% | 25 years | RPI or Bank Rate + 1% (whichever is lower) | For students who started before September 2012 in England/Wales, or any time in Northern Ireland |
Plan 2Your Plan | £27,295 | 9.0% | 30 years | RPI + up to 3% (income-dependent) | For students who started 2012-2023 in England/Wales |
Plan 4 | £31,395 | 9.0% | 30 years | RPI or 1% above Base Rate (whichever is lower) | For all Scottish students regardless of start date |
Plan 5 | £25,000 | 9.0% | 40 years | RPI (no additional percentage) | For students who started from August 2023 onwards in England |
Postgraduate | £21,000 | 6.0% | 30 years | RPI + up to 3% (income-dependent) | For postgraduate loans from 2016 onwards (except Scotland) |
Your student loan plan is determined by where you normally live (your home region) when you apply for student finance, not where you study. If you moved between regions, the rules can be complex.
This tool provides guidance based on typical scenarios. For complex situations (such as transferring between courses, studying abroad, or having multiple loans), contact your student finance agency for definitive information.
Always verify your plan details with your annual student loan statement or by logging into your student finance account online.
Now that you know your student loan plan, use our specialized calculators to understand your repayment obligations and plan your financial future.