2026/27 Tax YearHMRC Rates
Student Loan Repayment Calculator
Calculate your student loan repayments for Plan 1, Plan 2, Plan 4, Plan 5, and Postgraduate loans using the official 2026/27 HMRC thresholds and rates.
HMRC Compliant
Updated May 2026
All Loan Plans Supported
Calculate Your Repayments
Enter your salary and loan details
Started Sept 2012 or later (England/Wales)
Annual Repayment
£693
£58 per month
Repayment Breakdown
Repayment Threshold (Plan 2)£27,295
Amount Above Threshold£7,705
Repayment Rate9%
Monthly Repayment£58
Weekly Repayment£13
Interest Rate7.80%
Est. Annual Interest£3,120
Interest Exceeds Repayments
Your annual interest (£3,120) is higher than your repayments. Your balance may increase over time.
2026/27 Student Loan Thresholds
Official HMRC repayment thresholds for each plan type
| Plan | Annual Threshold | Monthly Threshold | Rate | Interest |
|---|---|---|---|---|
| Plan 1 | £24,990 | £2,083 | 9% | 6.25% |
| Plan 2 | £27,295 | £2,275 | 9% | 7.80% |
| Plan 4 | £31,395 | £2,616 | 9% | 6.25% |
| Plan 5 | £25,000 | £2,083 | 9% | 7.80% |
| Postgraduate Loan | £21,000 | £1,750 | 6% | 7.80% |