GlenCalc

UK student loan repayment calculator

You repay 9% of income over your plan’s threshold (6% over £21,000 for a postgraduate loan), taken through payroll. Repayments don’t depend on how much you owe.

Your answer

Repayment per month£42.11
Repayment per year£505.35
Plan threshold (year)£29,385.00

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How we worked it out

Updated as you change the numbers.

  1. 9% × (£35,000.00 − £29,385.00) = £505.35 a year.

Method and assumptions

2026 to 2027 thresholds: Plan 1 £26,900, Plan 2 £29,385 (frozen until April 2030), Plan 4 £33,795, Plan 5 £25,000 and postgraduate £21,000. Interest and write-off dates differ by plan and are not shown.

Questions

How much is a Plan 2 student loan repayment on £35,000?

£42.11 a month (£505.35 a year).

Sources

Method and figures checked on November 2, 2026. Every worked answer on this page is covered by an automated test. Found a mistake? Tell us.

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