UK Student Loan Calculator

This UK student loan repayment calculator uses your salary and plan to show the yearly and monthly deduction on income above your plan's threshold.

UK Student Loan Calculator
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Monthly repayment —
Annual repayment —
Income above threshold —
Weekly repayment —
Protected income (below threshold) —
Repayment as % of salary —

We always strive to use the latest data for every variable so our results and reports are as accurate as possible. Even so, errors are possible — you should not rely on this tool or its report alone, and we accept no liability for any decision made based on it.

What it does

The UK Student Loan Calculator works out your annual and monthly repayment based on your salary and repayment plan, charged on income above the plan threshold.

Data sources & parameters

The figures below drive this calculator. We keep them aligned with the latest official guidance, and each result recalculates automatically whenever a value changes.

ParameterValueSourceLast updated
Plan 1 repayment threshold26,900gov.ukEffective 2026-04-06
Plan 2 repayment threshold29,385gov.ukEffective 2026-04-06
Plan 4 repayment threshold33,795gov.ukEffective 2026-04-06
Plan 5 repayment threshold25,000gov.ukEffective 2026-04-06
Postgraduate repayment threshold21,000gov.ukEffective 2026-04-06£21,000 postgraduate threshold has not been uprated since 2016 and no change is announced; row now open-ended. Source: gov.uk; audit 2026-09-23
Undergraduate repayment rate0.09gov.ukEffective 2026-04-06Repayment rate fixed, no change announced for 2027/28; row now open-ended. Source: gov.uk repaying your student loan; audit 2026-09-23
Postgraduate repayment rate0.06gov.ukEffective 2026-04-06Repayment rate fixed, no change announced for 2027/28; row now open-ended. Source: gov.uk repaying your student loan; audit 2026-09-23

We always strive to use the latest data for every variable so our results and reports are as accurate as possible. Even so, errors are possible — you should not rely on this tool or its report alone, and we accept no liability for any decision made based on it.

The formula

Annual repayment = (salary − plan threshold) × plan rate

How it works

You repay a percentage (9% for most plans) of income above the plan's threshold. The tool applies your plan's threshold and rate to your salary.

Where it is used

  • Estimating student-loan repayments
  • Comparing repayment plans
  • Budgeting deductions from salary

Worked example

On a £35,000.00 salary under Plan 2, income above the threshold is …, giving an annual repayment of … (… a month).

What the UK student loan calculator does

The calculator works out your yearly and monthly repayment from your salary and repayment plan. A UK student loan is repaid as a percentage of income above a threshold, so the result shows what will come out of your pay, whether you are budgeting, comparing job offers or checking how the system works.

Repayments depend on income, not the balance

Your repayment depends on what you earn, not what you owe. You repay a set percentage of income above your plan’s threshold, and the size of your balance does not change the monthly figure.

  • If your income rises, your repayment rises.
  • If your income falls below the threshold, your repayment stops.
  • Two people with very different balances but the same salary repay the same amount each month.

That makes the loan behave more like a payroll contribution than a normal debt. With a normal debt, paying it off faster saves interest. With a student loan, whether you ever clear the balance depends on your future earnings, because the deduction is fixed by income and the loan is written off after a set period. For many borrowers the monthly deduction matters more day to day than the balance, which may never be repaid in full.

How the calculator works

Enter your annual salary and your repayment plan. The calculator takes the part of your income above the plan threshold, applies the repayment rate and reports the yearly and monthly deduction. In the advanced options you can add a bonus, which increases the income assessed, and a salary sacrifice pension contribution, which reduces it, and include a postgraduate loan alongside an undergraduate plan.

The 2026/27 thresholds and rates

  • Plan 1: 9% of income above £26,900
  • Plan 2: 9% of income above £29,385
  • Plan 4 (Scotland): 9% of income above £33,795
  • Plan 5: 9% of income above £25,000
  • Postgraduate loan: 6% of income above £21,000

Plans differ by when you studied, where in the UK you studied and the type of course. If you are not sure which applies to you, check your loan paperwork or online account.

You can be repaying an undergraduate loan and a postgraduate loan at the same time. Each has its own threshold and rate and the deductions add together, so your total repayment is larger than a single-plan figure. Tick the postgraduate option to include both.

A worked example

On a £35,000 salary with a Plan 2 loan, £5,615 of income is above the £29,385 threshold. At 9% that is £505.35 a year, about £42.11 a month. If you also have a postgraduate loan, 6% of the £14,000 above £21,000 adds £840 a year, about £70 a month.

The role of interest

Interest affects how your balance grows and how long the loan lasts, but not the amount deducted from your salary, which is set by your income and threshold. Loans are written off after a set period, so many people never repay the full balance plus interest.

That is why voluntary overpayments need careful thought. Paying extra only helps if you were on track to clear the balance before it is written off. If your regular repayments would never cover the loan within the write-off period, overpaying means paying money you might never otherwise have paid.

When to use this calculator

  • Budgeting your take-home pay
  • Comparing job offers with different salaries
  • Seeing how a pay rise increases your repayment
  • Checking the effect of moving to part-time or lower-paid work

Because the repayment rises with income above the threshold, part of any pay rise goes on a larger deduction while you are still repaying. Looking at the net effect, rather than the headline salary, shows how much better off a move leaves you.

Things to keep in mind

  • The estimate uses the standard thresholds and rates for the plan you choose.
  • Payroll works out deductions per pay period, so real deductions can vary slightly from a yearly estimate.
  • Thresholds are reviewed periodically, and the figures here are kept current.

For your exact position, check your official student loan account or payslip.

This is general information to help you plan, not financial advice. Confirm figures with your loan provider or payroll before relying on them.

About This Student Loan Repayment Calculator

Use this student loan repayment calculator to get an instant, accurate estimate. The figures follow official GOV.UK guidance and every rate and threshold is kept up to date for 2026. Adjust the inputs above to match your situation, or browse all our calculators to plan your next step.

Tax year 2026

Frequently asked questions

How are UK student loan repayments calculated?
On your income, not your balance. You repay a percentage of everything you earn above your plan's threshold: 9% for undergraduate plans and 6% for postgraduate loans. Earnings below the threshold attract no repayment, so if your income falls, so does your repayment.
How does this student loan repayment calculator work?
Enter your salary and choose your repayment plan. The calculator takes your income above the plan threshold, applies the plan's repayment rate and shows the yearly and monthly deduction.
What are the different repayment plans?
UK student loan plans differ mainly by when and where you studied. For 2026/27 the yearly thresholds are £26,900 for Plan 1, £29,385 for Plan 2, £33,795 for Plan 4, £25,000 for Plan 5 and £21,000 for postgraduate loans. Choosing the right plan matters for an accurate estimate.
Do I repay if I earn below the threshold?
No. Repayments apply only to income above your plan's threshold. At or below it you repay nothing for that period, although the loan still exists and interest still accrues.
Is student loan interest included?
No. The calculator shows the deduction from your pay, which depends on your income, not the interest rate. Interest affects your balance and how long the loan lasts, but not the amount repaid each month while you are earning.
Are the figures exact?
The estimate applies the standard plan thresholds and rates to the salary you enter. Actual payroll deductions can differ slightly because of pay periods and rounding.

About the author

Taha Kheirandish

Written and reviewed by

Taha Kheirandish

Economics student and independent researcher

Taha Kheirandish reads tax codes the way other people read maps — to find out where a system actually leads, not where it claims to go.

He is an economics student, and his work here is comparative by design. A pension deferral bonus in Quebec, a commuting allowance in Germany, a rent-increase ceiling in the Netherlands: each is a decision a government made about how money should move, and each reads differently once you set it beside eight others. He builds and checks these calculators across nine markets from primary sources — the regulation rather than a summary of it, the ministry’s own circular rather than a news item quoting it.

That is the editorial standard of the site as well as his habit. Every rate, threshold and bracket here carries the document it was read from and the date it takes effect, and gets re-checked when the law moves rather than when someone happens to notice.

He is a researcher, not a licensed adviser, and nothing on this site is personal financial advice. It is arithmetic done carefully with its sources shown — so that you can check it, and take it to someone who is.

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