What's Left, step 1 of 7: What will I take home?
Student loan repayment calculator
See how much of your salary goes on student loan repayments each month. You don't need your balance: repayments depend only on what you earn.
You repay
£42.11
a month, or £505.35 a year.
How it adds up
| Item | Year | Month |
|---|---|---|
| Your salary | £35,000.00 | £2,916.67 |
| Plan 2 threshold | £29,385.00 | £2,448.75 |
| Earnings above the threshold | £5,615.00 | £467.92 |
| Plan 2 repayment at 9% | £505.35 | £42.11 |
This is an estimate, not financial advice. If you have more than one undergraduate plan, choose the one with the lowest threshold: you repay 9% over it in total.
How student loan repayments work
You don't need to know how much you owe. Repayments depend only on what you earn, not on your balance: you repay 9% of what you earn above your plan's threshold (£29,385 a year for Plan 2 in 2026/27). Two people on the same plan and salary repay the same each month, whether they owe £10,000 or £60,000. Your balance only decides how long you keep paying, and whether the loan is written off before you clear it.
The other thresholds are Plan 1 £26,900, Plan 4 £33,795 and Plan 5 £25,000 at 9%, and Postgraduate £21,000 at 6%. If you have a Postgraduate Loan as well as an undergraduate plan, you repay both. To see your balance, sign in to your student loan account on GOV.UK.
Common questions
What are the student loan thresholds for 2026/27?
Plan 1: £26,900. Plan 2: £29,385. Plan 4 (Scotland): £33,795. Plan 5: £25,000. You repay 9% of what you earn above your plan's threshold, and 6% over £21,000 for a Postgraduate Loan.
How much student loan do I repay on £35,000?
On Plan 2, £505.35 a year, or £42.11 a month.
What if I have more than one student loan?
You repay 9% of your income over the lowest threshold of the plans you have, in one deduction, plus 6% for a Postgraduate Loan.
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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.