Student Loan Repayment Thresholds

Student loan repayments start once income passes the threshold for your plan. These are the thresholds and repayment rates for 2026/27.

Plan 1 threshold (yearly)

£26,900

Older loans, including English and Welsh courses started before September 2012 and Northern Ireland loans.

GOV.UK — Student Loans Company · since 6 Apr 2026 · checked 30 Sep 2026

Plan 2 threshold (yearly)

£29,385

English and Welsh courses started between September 2012 and July 2023. The government has said this threshold will be frozen from April 2027.

GOV.UK — Student Loans Company · since 6 Apr 2026 · checked 30 Sep 2026

Plan 4 threshold (yearly) Scotland

£33,795

Scottish student loans.

GOV.UK — Student Loans Company · since 6 Apr 2026 · checked 30 Sep 2026

Plan 5 threshold (yearly)

£25,000

English courses started from August 2023. Repayments began in April 2026.

GOV.UK — Student Loans Company · since 6 Apr 2026 · checked 30 Sep 2026

Postgraduate loan threshold (yearly)

£21,000

Repayment rate (Plans 1, 2, 4 and 5)

Of income above the threshold.

Repayment rate (Postgraduate)

Of income above the threshold, and paid on top of any undergraduate repayments.

Yearly student loan repayments by plan

How much is repaid in a year on each plan at different salaries, at this year's thresholds.

Salary	Plan 1	Plan 2	Plan 4 (Scotland)	Plan 5	Postgraduate
£25,000	£0	£0	£0	£0	£240
£30,000	£279	£55	£0	£450	£540
£40,000	£1,179	£955	£558	£1,350	£1,140
£50,000	£2,079	£1,855	£1,458	£2,250	£1,740

Assumes steady pay through the year. Postgraduate repayments are made on top of any undergraduate plan.