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Student loan

Student loan

Annual repayment

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£775

About £65/mo deducted from your pay

2026/27 rates · Last checked · Sources visible below

Breakdown by plan

Plan 2

9% on income above £29,385 · £8,615 taxable

£775

2026/27 thresholds

Plan 1

£26,900

9% above threshold

Plan 2

£29,385

9% above threshold

Plan 4

£33,795

9% above threshold

Plan 5

£25,000

9% above threshold

Postgraduate

£21,000

6% above threshold

Estimates for illustrative and educational purposes only. Calculations use HMRC published rates and are not regulated financial, tax, or legal advice. Verify against your own tax position before filing or making financial decisions.

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UK student loans in 2026/27

Student loans are repaid through PAYE or Self Assessment as a percentage of income above a plan-specific threshold. The Department for Education raised the Plan 2 and Plan 4 thresholds for 2026/27 by inflation; Plan 5 (for English starts from August 2023) reaches its first repayments this year. Postgraduate runs separately at 6%.

  • What are the UK student loan thresholds for 2026/27?

    Plan 1 starts at £26,900, Plan 2 at £29,385, Plan 4 (Scotland) at £33,795, Plan 5 (new from 2023 starts) at £25,000, and the Postgraduate Loan at £21,000. Above the threshold you repay 9% (or 6% for Postgraduate).

  • Which student loan plan am I on?

    Plan 1 if you started before September 2012 (England, Wales, NI). Plan 2 if you started 2012–2022 in England or Wales. Plan 4 if you took a Scottish loan since 2007. Plan 5 if you started a new English course from August 2023. Postgraduate is separate and runs alongside any of the above.

  • When does my student loan get written off?

    Plan 1: 25 years after the April you became eligible, or at 65. Plan 2: 30 years. Plan 4: 30 years (35 if pre-2007 SAAS). Plan 5: 40 years. Postgraduate: 30 years. Many graduates with Plan 2 will never repay in full.

  • Are student loan repayments tax-deductible?

    No. Repayments are taken from your post-tax pay (PAYE) or after the income tax + NIC bill (Self Assessment). They don't reduce your taxable income.

Sources & last reviewed

Updated for 2026/27 · last reviewed 29 April 2026 · view changelog →

Bands, thresholds and reliefs on this page come directly from the following official sources. Tax rates are checked against these references whenever a Budget or in-year change is announced.