# Student loan repayments in 2026/27 | ComputeNow

URL: https://computenow.co.uk/guides/student-loan-repayments-2026-27/

> How much you repay on Plan 1, 2, 4 and 5 student loans and Postgraduate Loans in 2026/27: the thresholds, 9% and 6% rates, and monthly examples.

This calculator shows a worked example below. To use your own figures, add them to the URL as query parameters (listed in https://computenow.co.uk/llms.txt), for example https://computenow.co.uk/guides/student-loan-repayments-2026-27/?<parameter>=<value>.

[Pay & tax guide](https://computenow.co.uk/guides/#pay)

# Student loan repayments in 2026/27

How much comes out of your pay for a student loan, which plan you're on, and what happens if you have more than one.
Published 18 October 2026All of the UK
By the ComputeNow team, checked against GOV.UK and HMRC[Sources (2)](#sources)[How we calculate](https://computenow.co.uk/methodology/)

## Key points

- **You repay 9% of what you earn over your plan's threshold**: £29,385 a year on Plan 2.
- **A Postgraduate Loan adds 6%** of what you earn over £21,000, on top.
- **Earn under the threshold and you repay nothing** that year.
- **Two undergraduate plans don't double up:** you repay once, from the lower threshold.

Work out your own
See your own monthly repayment on any plan, with a Postgraduate Loan too.[Open the student loan calculator](https://computenow.co.uk/student-loan-repayment-calculator/)

## The thresholds for 2026/27

You repay a share of what you earn above your plan's threshold. Earn less and you repay nothing that year.

| Plan | Yearly threshold | You repay |
| --- | --- | --- |
| Plan 1 | £26,900 | 9% above it |
| Plan 2 | £29,385 | 9% above it |
| Plan 4 | £33,795 | 9% above it |
| Plan 5 | £25,000 | 9% above it |
| Postgraduate Loan | £21,000 | 6% above it |

Plan 4 is for loans taken out in Scotland; Plan 1 covers older loans in England and Wales and loans in Northern Ireland; Plan 2 covers most English and Welsh loans from 2012 to 2023, and Plan 5 courses starting from August 2023.

## What you repay each month

| Salary | Plan 1 | Plan 2 | Plan 4 | Plan 5 | Postgrad |
| --- | --- | --- | --- | --- | --- |
| £25,000 | £0.00 | £0.00 | £0.00 | £0.00 | £20.00 |
| £30,000 | £23.25 | £4.61 | £0.00 | £37.50 | £45.00 |
| £35,000 | £60.75 | £42.11 | £9.04 | £75.00 | £70.00 |
| £45,000 | £135.75 | £117.11 | £84.04 | £150.00 | £120.00 |
| £60,000 | £248.25 | £229.61 | £196.54 | £262.50 | £195.00 |

## If you have more than one loan

With two undergraduate plans, such as Plan 1 and Plan 2, you repay 9% of your income over the lower threshold (£26,900) in total, not twice. A Postgraduate Loan is repaid on top, at 6% over £21,000.
On £40,000 with Plan 2 and a Postgraduate Loan, that is £955.35 plus £1,140.00 a year: £174.61 a month.

## How repayments are collected

Your employer takes repayments through payroll, worked out on each payday's pay before tax. If your pay goes up and down, you can repay in a high month even if your yearly pay is under the threshold; you can ask the Student Loans Company for a refund. Self-employed people repay through Self Assessment.

## Bottom line

Repayments depend on what you earn, not on what you owe, so most people's monthly payment only changes when their pay does.

## Tips

- Not sure which plan you are on? Sign in to your student loan account on GOV.UK: it shows your plan and balance.
- If you repaid in a month when your yearly pay was under the threshold, you can ask the Student Loans Company for a refund.
- Check your payslip shows the right plan. The wrong one can mean repaying too much or too little.
This guide explains the rules; it is not personal financial advice.

## Related

[Student loan repayment calculator Your exact repayment](https://computenow.co.uk/student-loan-repayment-calculator/)[Take-home pay calculator Your pay after all deductions](https://computenow.co.uk/take-home-pay/)[£35,000 after tax A worked example](https://computenow.co.uk/take-home-pay/35000/)

## Guides and help

### Our guides

[How Income Tax bands work in 2026/27 Personal Allowance, basic, higher and additional rate](https://computenow.co.uk/guides/income-tax-bands-2026-27/)[National Insurance in 2026/27 Rates, thresholds, category letters and salary sacrifice](https://computenow.co.uk/guides/national-insurance-2026-27/)

### Official services and free advice

[Check your student loan balance GOV.UK: sign in to see what you owe](https://www.gov.uk/sign-in-to-manage-your-student-loan-balance)[Repaying your student loan GOV.UK: plans, refunds and paying early](https://www.gov.uk/repaying-your-student-loan)

## Article sources

Each source was last checked on 18 October 2026.

- [GOV.UK: Repaying your student loan](https://www.gov.uk/repaying-your-student-loan/what-you-pay)
- [GOV.UK: Rates and thresholds for employers 2026 to 2027](https://www.gov.uk/guidance/rates-and-thresholds-for-employers-2026-to-2027)
These results are an estimate, not financial advice. They use the 2026/27 rates in force on 24 October 2026 and the inputs shown, so your actual tax, pay or costs may differ. Before making a decision about your money, check the figures with HMRC or your provider, or speak to a regulated financial adviser. Free, impartial guidance is available from MoneyHelper.
This page explains the rules using the 2026/27 rates in force on 24 October 2026. It is general information, not financial advice. For decisions about your own money, speak to a regulated financial adviser, or get free, impartial guidance from MoneyHelper.