Student Loan Repayment Calculator (Plan 1, 2, 4, 5 and Postgrad)
Enter your salary and loan plan to see what comes out of your pay each month.
| Loan | A year | A month |
|---|---|---|
| Plan 2 (9% over £29,385) | £955 | £80 |
| Total repayments | £955 | £80 |
Your take-home pay after tax, National Insurance and repayments is £31,364 a year (£2,614 a month).
How student loan repayments work
You repay 9% of what you earn above the threshold for your plan (6% for a Postgraduate Loan). The money is taken from your pay by your employer, so you never see it.
| Loan | Threshold 2026/27 | Rate | Repayment on £40,000 |
|---|---|---|---|
| Plan 1 | £26,900 | 9% | £1,179 a year |
| Plan 2 | £29,385 | 9% | £955 a year |
| Plan 4 (Scotland) | £33,795 | 9% | £558 a year |
| Plan 5 | £25,000 | 9% | £1,350 a year |
| Postgraduate Loan | £21,000 | 6% | £1,140 a year |
Example: on a £40,000 salary with a Plan 2 loan you repay £955 a year, or £80 a month.
Things worth knowing
- Repayments depend on income, not on how much you owe, so a smaller balance does not reduce the monthly amount.
- A student loan is not like a normal debt: it does not show up in the same way for most credit checks, though it can affect mortgage affordability.
- Loans are cancelled after a set number of years. Check the term for your plan on GOV.UK.
- You can choose to pay extra, but for many people it is not worth it. Think carefully first.
Read our guide to how student loan repayments are explained.
Sources: GOV.UK: Repaying your student loan. Figures last checked on 8 October 2026.
Frequently asked questions
How much is the student loan repayment on £30,000?
On Plan 2, repayments on £30,000 are £55 a year (£5 a month). On Plan 1 they are £279 a year.
What is the Plan 2 repayment threshold?
£29,385 a year in 2026/27. You repay 9% of the amount above it.
Which plan am I on?
It depends on where and when you started your course. You can check on your student finance account or on GOV.UK.
Is the student loan taken before or after tax?
It is calculated on your gross pay above the threshold, and taken from your net pay along with tax and National Insurance.
More from UK Answers
Figures are for the 2026/27 tax year from official sources and are estimates for guidance only, not financial or legal advice. Printed from ukanswers.co.uk.