Pay / Student loans
What your student loan costs a month.
You repay a share of what you earn over a threshold, not a share of what you owe. Put in your plan and pay to see what comes off each month.
Your answers are used to work this out and then forgotten: they're not stored, and not added to the page address.
When repayments start.
01 / ThresholdsSource: Income Tax, National Insurance and student loan rates (GOV.UK) Rates for
| Plan | You repay over | Rate | Written off after |
|---|---|---|---|
| Plan 1 | £26,900 a year | 9% | 25 years |
| Plan 2 | £29,385 a year | 9% | 30 years |
| Plan 4 | £33,795 a year | 9% | 30 years |
| Plan 5 | £25,000 a year | 9% | 40 years |
| Postgraduate Loan | £21,000 a year | 6% | 30 years |
- You repay the rate on whatever you earn over the threshold, before tax. What you owe doesn't change what you repay each month. It changes how long it takes.
- The amount is worked out on each month's pay and rounded down to the penny, as payroll does. For what's left after tax and National Insurance as well, use the take-home pay calculator.
- Write-off periods are counted from the April after you leave your course, or the April you are first due to repay. If you aren't sure which plan you're on, GOV.UK explains how to tell.
Data sources
- Income Tax, National Insurance and student loan rates (GOV.UK). Contains public sector information licensed under the Open Government Licence v3.0.