Plan 4 student loan repayments 2026/27
Plan 4 is the student loan plan for borrowers whose loan came from the Student Awards Agency for Scotland. Its repayment threshold is £33,795, the highest of the undergraduate plans, so repayments start later than on Plan 1, Plan 2 or Plan 5.
The Plan 4 threshold 2026/27
Payroll works each pay period out on its own against the weekly or monthly figure, so a month you earn less than the monthly threshold takes nothing at all, whatever the year adds up to.
| Item | 2026/27 |
|---|---|
| Yearly threshold | £33,795 |
| Monthly threshold | £2,816.25 |
| Weekly threshold | £649.90 |
| Rate on pay above it | 9% |
Plan 4 against the other undergraduate plans
Every undergraduate plan takes the same share of the pay above its own threshold. The plan you hold is set by where your loan came from, not by where you live or work now.
| Plan | Yearly threshold | Monthly | Rate |
|---|---|---|---|
| Plan 4 (Scotland) | £33,795 | £2,816.25 | 9% |
| Plan 1 | £26,900 | £2,241.66 | 9% |
| Plan 2 | £29,385 | £2,448.75 | 9% |
| Plan 5 | £25,000 | £2,083.33 | 9% |
What Plan 4 takes at three salaries
The threshold itself, the median full-time salary for April 2025 (ONS Annual Survey of Hours and Earnings), and the Upper Earnings Limit. A Scottish taxpayer’s income tax is on the Scottish ladder, so the take-home column is the Scottish one.
| Yearly pay | Repaid a year | Taken each month | Take-home a month |
|---|---|---|---|
| £33,795 | £0.00 | £0.00 | £2,320.79 |
| £39,039 | £471.00 | £39.00 | £2,591.81 |
| £50,270 | £1,482.00 | £123.00 | £3,056.43 |
Sources
Every rate and threshold on this page is read from the rules file these documents were transcribed into, with the date it was checked in the strip above.