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UK Student Loan Repayment Calculator

2026-27 thresholds · Plans 1, 2, 4, 5 & Postgraduate

Plans

Your monthly deduction

  • Plan 2threshold £2,448 a month (£29,385 a year)
    £4
    per month

    How this is worked out

    (£2,500.00 − £2,448) × 9% = £4

    HMRC's monthly threshold for 2026-27, deduction rounded down to a whole pound the way payroll does. Spread evenly instead, the annual figure is £4.61 a month.

  • Plan 5threshold £2,083 a month (£25,000 a year)
    £37
    per month

    How this is worked out

    (£2,500.00 − £2,083) × 9% = £37

    HMRC's monthly threshold for 2026-27, deduction rounded down to a whole pound the way payroll does. Spread evenly instead, the annual figure is £37.50 a month.

Rates, assumptions and sources
Last reviewed: · Verified against gov.uk and SLC published figures

Every figure below is the 2026-27 published figure, read from this site's single source of truth at page-render time[source]. The 6% Plan 2 and Postgraduate interest cap covers the 2026/27 year only and is not assumed to continue[source].

Repayment threshold, rate, interest, write-off period and threshold freeze status by student loan plan, 2026-27
PlanThresholdRateInterestWritten offThreshold freeze
Plan 1£26,900[source]9%4.1%[source]25 years[source]Uprated annually — no freeze announced
Plan 2£29,385[source]9%4.1% to 7.1% by income, capped at 6% for 2026-27[source]30 years[source]Frozen at £29,385 until April 2030
Plan 4 (Scotland)£33,795[source]9%4.1%[source]30 years[source]Uprated annually — no freeze announced
Plan 5£25,000[source]9%4.1%[source]40 years[source]Frozen at £25,000 until April 2027
Postgraduate Loan£21,000[source]6%7.1%, capped at 6% for 2026-27[source]30 years[source]Uprated annually — no freeze announced

Write-off is counted from the April after the course ends, not from the course-end date itself, and the Plan 2 interest bands (£29,385 lower, £52,885 upper) are frozen alongside the Plan 2 repayment threshold.

This calculator also assumes

Figure shown
PAYE deduction, rounded down to a whole pound
Pay frequency
monthly (12 periods a year)
Assumed pay pattern
Even pay each period, no bonus or overtime

Growth, inflation and long-run interest figures are assumptions, not published rates. Change them and the projection changes.