UK Student Loan Repayment Calculator 2026/27
Enter your salary and loan balance to calculate your monthly repayment, total cost, and years to repay. Updated for 2026/27 thresholds and interest rates across all plan types.
How student loan repayment works
Student loan repayments are taken automatically from your salary by your employer. You repay 9% (or 6% for Postgraduate loans) of everything you earn above your plan's threshold. If your salary drops below the threshold, repayments stop automatically.
2026/27 repayment thresholds
| Plan | Threshold | Rate | Interest | Write-off |
|---|---|---|---|---|
| Plan 1 (pre-2012) | £26,900 | 9% | 4.1% | Depends on first-loan date |
| Plan 2 (post-2012) | £29,385 | 9% | Up to 7.1% | Usually 30 years |
| Plan 4 (Scotland) | £33,795 | 9% | 4.1% | Depends on first-loan date |
| Plan 5 (post-2023) | £25,000 | 9% | 4.1% | 40 years |
| Postgraduate | £21,000 | 6% | 7.1% | Usually 30 years |
Which plan am I on?
Your plan depends on when and where you studied. Plan 1 covers loans taken out before September 2012 in England/Wales or any time in Northern Ireland. Plan 2 covers loans from September 2012 onwards in England/Wales. Plan 4 is for Scottish students. Plan 5 applies to courses starting from August 2023 in England. Check your payslip or the Student Loans Company website.
Should I repay my student loan early?
This depends on whether you will fully repay your loan before it is written off. If your balance will be written off (meaning you pay back less than you borrowed), early repayment costs you money. If you will fully repay, early repayment saves you interest. Use the calculator to check your specific situation.
Plan 2 interest rates explained
Plan 2 interest varies with income and is capped at 7.1% for the period beginning September 2026. The repayment threshold is separate from the interest-rate thresholds, and rates can change during a tax year. The calculator defaults to the maximum rate, so adjust it if your actual Student Loans Company statement shows a lower rate.
Quick lookups by salary
Related calculators
- See your full take-home pay after tax, NI, and student loan repayments combined.
- Salary sacrifice can reduce your student loan repayments — see how much you could save.
- Understand how National Insurance is deducted alongside your student loan repayment.
- Pension contributions reduce your income for student loan purposes — calculate the double saving.
- Check your tax code to make sure your student loan plan is being applied correctly.
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Student Loan Repayment Calculator
Using SLC rates for the 2026/27 tax year
Monthly repayment
Interest & progress
Repayment summary
Year-by-year schedule
| Year | Balance | Interest | Payment | Remaining |
|---|---|---|---|---|
| 1 | £45,000 | £3,285 | £505 | £47,780 |
| 2 | £47,780 | £3,488 | £505 | £50,762 |
| 3 | £50,762 | £3,706 | £505 | £53,963 |
| 4 | £53,963 | £3,939 | £505 | £57,396 |
| 5 | £57,396 | £4,190 | £505 | £61,081 |
| 6 | £61,081 | £4,459 | £505 | £65,035 |
| 7 | £65,035 | £4,748 | £505 | £69,277 |
| 8 | £69,277 | £5,057 | £505 | £73,829 |
| 9 | £73,829 | £5,389 | £505 | £78,713 |
| 10 | £78,713 | £5,746 | £505 | £83,953 |
| 11 | £83,953 | £6,129 | £505 | £89,577 |
| 12 | £89,577 | £6,539 | £505 | £95,610 |
| 13 | £95,610 | £6,980 | £505 | £102,085 |
| 14 | £102,085 | £7,452 | £505 | £109,031 |
| 15 | £109,031 | £7,959 | £505 | £116,485 |
| ...15 more years | ||||