Student Loan Repayment Calculator 2026/27
Updated for the 2026/27tax year · Last updated
Select your loan plan(s) and enter your annual income to see your annual and monthly repayment. If you have both an undergraduate and a postgraduate loan, tick both — repayments are calculated independently.
Loan plan(s)
Annual repayment
£588
Monthly repayment
£49
| Plan | Threshold | Annual |
|---|---|---|
| Plan 2 (9%) | £28,470 | £588 |
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How this calculator works
Repayments are calculated as a percentage of income above each plan’s threshold. If your income is below the threshold, you make no repayments at all — regardless of how much you owe. Repayments don’t pay off capital directly; interest accrues throughout, and any remaining balance is written off after the plan’s write-off period.
Frequently asked questions
Plan 1: English/Welsh borrowers who started before 1 September 2012, and all Scottish/NI borrowers. Plan 2: English/Welsh borrowers who started on or after 1 September 2012 (before August 2023). Plan 4: Scottish borrowers with SAAS loans. Plan 5: English borrowers starting from August 2023 onwards. Postgraduate Loan: Master's and Doctoral loans from Student Finance England or Wales.
Plan 1: £24,990 (9%). Plan 2: £28,470 (9%). Plan 4: £32,745 (9%). Plan 5: £25,000 (9%, fixed until at least 2027). Postgraduate Loan: £21,000 (6%). Repayments are 0% on income below the threshold; the rate applies to income above it.
Yes. You can have a Plan 1 or 2 or 4 or 5 undergraduate loan alongside a Postgraduate Loan simultaneously. Repayments are calculated separately for each plan and deducted together from your payslip or Self Assessment. Tick all plans that apply.
Plan 1: 25 years after the April you were first due to repay. Plan 2: 30 years after first due to repay, or when you reach 65. Plan 4: 30 years after first due to repay. Plan 5: 40 years after first due to repay. Postgraduate Loan: 30 years after first due to repay.