Student Loan Repayment Calculator
Work out how much you'll repay on your UK student loan based on your salary. Updated for 2024/25 with current thresholds for Plan 1, Plan 2, Plan 4, Plan 5, and Postgraduate loans.
Selected Plan Details
Threshold
£27,295
Rate
9%
Enter your salary to calculate repayments
Understanding Student Loan Repayments
Student loan repayments in the UK are based on your income, not the amount you borrowed. You only start repaying when you earn above a certain threshold, and repayments are automatically deducted from your salary if you're employed.
2024/25 Student Loan Thresholds
| Loan Plan | Annual Threshold | Repayment Rate |
|---|---|---|
| Plan 1 | £24,990 | 9% |
| Plan 2 | £27,295 | 9% |
| Plan 4 (Scotland) | £27,660 | 9% |
| Plan 5 | £25,000 | 9% |
| Postgraduate Loan | £21,000 | 6% |
Calculation Methodology
This calculator uses official HMRC PAYE algorithms for 2026/27. Rates sourced directly from gov.uk. Reviewed by a qualified ICAEW-regulated accountant.
Official Sources
Important: Results are estimates based on standard HMRC rules. Your actual tax may differ based on your specific tax code, benefits, or HMRC adjustments. Always verify with your employer or a qualified accountant.
Frequently Asked Questions
Which student loan plan am I on?
Plan 1 is for loans taken before September 2012 in England/Wales or any time in Northern Ireland. Plan 2 is for loans after September 2012 in England/Wales. Plan 4 is for Scottish students. Plan 5 is for students starting courses from August 2023.
What is the student loan repayment threshold?
For 2024/25: Plan 1 is £24,990, Plan 2 is £27,295, Plan 4 is £27,660, Plan 5 is £25,000, and Postgraduate loans is £21,000. You only repay when earning above these thresholds.
How much do I repay?
You repay 9% of everything you earn above the threshold for undergraduate loans, and 6% for postgraduate loans. If you have both, you could repay up to 15% of earnings above the relevant thresholds.
When does my student loan get written off?
Plan 1 loans are written off when you turn 65. Plan 2 loans are written off 30 years after the April you were first due to repay. Plan 5 loans are written off 40 years after the April you were first due to repay.
Can I make voluntary repayments?
Yes, you can make additional voluntary repayments at any time through the Student Loans Company. However, consider whether this is the best use of your money, as the loan doesn't affect your credit score and is written off eventually.