UK Student Loan Repayment Calculator
Updated for the 2026/27 tax year (6 April 2026 – 5 April 2027)
Check how much comes out of your pay each month, whether you are likely to clear the loan before it is written off, and how much you will repay in total. Free, no sign-up. Nothing leaves your browser.
Repayment projection
| Year | Salary | Repaid in year | Interest added | Balance at year end |
|---|
Student loan thresholds and rates 2026/27
| Plan | Yearly threshold | Monthly threshold | You repay | Written off after |
|---|---|---|---|---|
| Plan 1 | £26,900 | £2,241 | 9% above threshold | 25 years |
| Plan 2 | £29,385 | £2,448 | 9% above threshold | 30 years |
| Plan 4 | £33,795 | £2,816 | 9% above threshold | 30 years |
| Plan 5 | £25,000 | £2,083 | 9% above threshold | 40 years |
| Postgraduate | £21,000 | £1,750 | 6% above threshold | 30 years |
Frequently asked questions
What are the student loan repayment thresholds for 2026/27?
Plan 1: £26,900. Plan 2: £29,385. Plan 4 (Scotland): £33,795. Plan 5: £25,000. Postgraduate: £21,000. You repay 9% of income above the threshold (6% for postgraduate loans).
When is my student loan written off?
Plan 1 loans are usually written off 25 years after the April you were first due to repay (or at 65 for older loans). Plan 2 and Plan 4 loans are written off after 30 years, Plan 5 after 40 years and postgraduate loans after 30 years.
What interest is charged on student loans?
From 1 September 2026, Plan 1, 4 and 5 loans charge 4.1%. Plan 2 charges between 4.1% and 6% depending on income (capped at 6%), and postgraduate loans are capped at 6%. Rates can change during the year.
Should I overpay my student loan?
Only if you expect to clear it before write-off. Many Plan 2 and Plan 5 borrowers will never repay in full, so extra payments may simply be money they did not need to pay.