Repayment thresholds 2026/27
| Plan | Yearly | Monthly | Weekly |
|---|---|---|---|
| Plan 1 | £26,900 | £2,241 | £517 |
| Plan 2 | £29,385 | £2,448 | £565 |
| Plan 4 | £33,795 | £2,816 | £649 |
| Plan 5 | £25,000 | £2,083 | £480 |
| Postgraduate | £21,000 | £1,750 | £403 |
You repay 9% of income over the threshold for Plans 1, 2, 4 and 5, and 6% for a Postgraduate Loan (which is paid on top of any undergraduate plan).
Worked example
GOV.UK example: paid £3,200 a month with Plan 1 and Plan 2 loans – 9% of (£3,200 − £2,241) = £86.31 a month.
Frequently asked questions
What is the Plan 2 threshold for 2026/27?
£29,385 a year (£2,448 a month, £565 a week).
Do I pay student loan on a bonus?
Yes. Deductions are based on each pay period, so a big month can trigger a repayment. You can claim a refund if your yearly income ends up below the threshold.
Sources
- GOV.UK – Repaying your student loan: what you pay
- GOV.UK – 2026 to 2027 student loan deduction tables
Disclaimer: This calculator gives an estimate using official 2026/27 rates published on GOV.UK and devolved government sites (checked October 2026). It is not financial, tax or legal advice and may not cover every situation. Always check with the official source, HMRC, your lender or a qualified adviser before making decisions.