How much will I repay on my student loan each month?
Your student loan repayment isn’t decided by how much you borrowed. It’s a fixed share of what you earn above your plan’s threshold, so you can work out roughly what will leave your pay with one subtraction and one multiplication.
The formula
(Your income − your plan’s threshold) × your plan’s repayment rate = what you repay in a year.
Divide by twelve for a rough monthly figure. If your income is at or below the threshold, you repay nothing.
For 2026–27 the figures this site uses are:
| Plan | Threshold | Rate on income above it |
|---|---|---|
| Plan 1 | £26,900 | 9% |
| Plan 2 | £29,385 | 9% |
| Plan 4 (Scotland) | £33,795 | 9% |
| Plan 5 | £25,000 | 9% |
| Postgraduate Loan | £21,000 | 6% |
Worked examples
These use a plain annual salary and ignore bonuses, pay periods and anything else that can move the exact monthly figure. Real deductions are calculated on each payslip, so treat these as a guide.
Plan 2
| Salary | Per year | Per month |
|---|---|---|
| £30,000 | £55 | £5 |
| £40,000 | £955 | £80 |
| £55,000 | £2,305 | £192 |
| £80,000 | £4,555 | £380 |
Plan 5
| Salary | Per year | Per month |
|---|---|---|
| £30,000 | £450 | £38 |
| £40,000 | £1,350 | £113 |
| £55,000 | £2,700 | £225 |
| £80,000 | £4,950 | £413 |
Postgraduate Loan
| Salary | Per year | Per month |
|---|---|---|
| £30,000 | £540 | £45 |
| £40,000 | £1,140 | £95 |
| £55,000 | £2,040 | £170 |
| £80,000 | £3,540 | £295 |
GOV.UK’s own examples use the monthly threshold for your plan and round the deduction down to whole pounds, so your payslip can differ by a pound or so from the yearly figures here.
If you have two loans
An undergraduate plan and a Postgraduate Loan are calculated separately and both come out of your pay. Two undergraduate plans, such as Plan 1 and Plan 2, give a single deduction on the lower threshold: see what if you have more than one student loan plan? On £55,000 with Plan 2 and a Postgraduate Loan, for example, you’d repay £2,305 for Plan 2 and £2,040 for the Postgraduate Loan each year, with both deducted from the same pay. There’s more on this in Postgraduate Loan repayments explained.
What the formula doesn’t tell you
- It says nothing about how long you’ll pay. That depends on your balance, your interest and your write-off date. See when does my student loan get written off?
- Your salary matters, not your balance. Someone with a small loan and someone with a large one on the same plan and salary repay the same each month until the smaller loan is cleared.
- “Income” can mean more than salary. Bonuses and overtime count on the payslip they’re paid in, and if you file a Self Assessment return other income can count too. See student loan repayments if you’re self-employed and why your deduction can look wrong.
- Thresholds change. They’re usually reviewed each April, so the numbers above will move over time. This page updates from the same data file as the calculator.
To see what these repayments mean for the balance over the years, and whether extra payments would help, use the calculator with your own figures.