🎓 Student Loan Calculator

Monthly repayments for every plan type — and when your loan might be written off

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Your Repayments

Monthly Repayment—
Annual Repayment—
Repayment Threshold—
Written Off After—
💡 Repayments are 9% (6% postgrad) of income ABOVE the threshold — not of your whole salary. They stop automatically if income falls below the threshold.

How Student Loan Repayments Work

You repay 9% of income above your plan's threshold (6% for postgraduate loans). Repayments are taken automatically through PAYE alongside tax and NI. They pause automatically if your income drops below the threshold.

2026/27 Thresholds

  • Plan 1: £26,900 — written off 25 years after first repayment due (or age 65)
  • Plan 2: £28,470 — written off 30 years after graduation
  • Plan 4 (Scotland): £33,795 — 30 years
  • Plan 5: £25,000 — 40 years
  • Postgraduate: £21,000 at 6% — 30 years

Should You Overpay?

For most graduates on Plan 2 or 5, the answer is usually no — many will never repay the full balance before write-off, making voluntary overpayments money lost. Overpaying only makes sense for high earners certain to clear the loan well before write-off. MoneySavingExpert's analysis on this is the gold standard reference.