Student Loan Repayment Calculator
✓ Verified for 2026/27Repayment Details
£
£
%
Monthly Repayment
£0
deducted from pay
Annual Repayment
£0
yearly total
Interest Accrued
£0
added annually
Net Balance Change
£0
per year
Repayment Summary
Annual Repayments
£0
Interest Charged
£0
Estimated Year-End Balance
£0
Repayments
0%
Interest
0%
Student Loan repayments are calculated on gross income above specific thresholds: Plan 1 (£24,990), Plan 2 (£27,295), Plan 4 (£31,395), Plan 5 (£25,000) at 9%, and Postgraduate (£21,000) at 6%. If repayments are lower than interest accrued, the loan balance will increase.
How We Calculated This
- Identify Student Loan Plan: Choose Plan 1, Plan 2, Plan 4, Plan 5, or Postgraduate.
- Apply plan threshold: No repayments are made below the specific threshold for that plan.
- Apply repayment rate: Calculate repayment at 9% of salary exceeding the threshold (6% for Postgraduate loans).
Real-World Examples
Example 1: Plan 2 Loan on a £35,000 Salary
A standard Plan 2 repayment calculation.
Salary: £35,000 Plan 2 Threshold: £27,295 Excess Salary: £7,705 Annual Repayment (9% of £7,705): £693.45 Monthly Repayment: £57.78
Frequently Asked Questions
What are the student loan plan thresholds for 2026/27?
Plan 1 threshold is £24,990; Plan 2 is £27,295; Plan 4 is £31,395; Plan 5 is £25,000; Postgraduate threshold is £21,000.
Does student loan repayment affect my net take-home pay?
Yes. Student loan payments are deducted directly from your salary along with tax and National Insurance, reducing your monthly net take-home pay.
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About This Calculator
This calculator uses the latest HMRC rates for the 2026/27 tax year. For illustrative purposes only — always consult a qualified tax adviser for formal advice.