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Student loan repayment calculator

Estimate Plan 2, Plan 5 or postgraduate student loan repayments from annual income for the 2026 to 2027 thresholds: 9% above the plan threshold, or 6% for a postgraduate loan.

Thresholds for 2026 to 2027

You repay a percentage of income above the threshold for your plan. For 2026 to 2027 the yearly thresholds are £29,385 for Plan 2, £25,000 for Plan 5 and £21,000 for a Postgraduate Loan. Plans 1, 2, 4 and 5 repay at 9%; a Postgraduate Loan repays at 6% (GOV.UK, employer guidance).

How repayments are collected

If you're employed, repayments come out of pay when that week's or month's pay is over the period threshold. If you're self-employed or file a Self Assessment return, HMRC works out the yearly amount from your return (GOV.UK).

More than one plan

If you have more than one undergraduate plan, you usually repay 9% above the lowest threshold. If you also have a Postgraduate Loan, you repay 6% above the postgraduate threshold as well as 9% above the lowest undergraduate threshold (GOV.UK). This calculator handles one plan at a time.

Related: self-employed tax calculator and cost of employing someone.

Thresholds from GOV.UK for 2026 to 2027, checked 15 October 2026. An estimate, not advice from the Student Loans Company.

Questions

What is the Plan 2 threshold in 2026 to 2027?

£29,385 a year. You repay 9% of income above that.

What is the Plan 5 threshold?

£25,000 a year, with repayments at 9% above that.

How much is postgraduate loan repayment?

6% of income above £21,000 a year.

Does the amount you owe change the monthly payment?

No. GOV.UK says the balance doesn't affect how much you repay each year; income and the threshold do.