Student loan repayment calculator 2026/27
See what your student loan takes from your pay each month on Plan 1, 2, 4, 5 or a Postgraduate Loan, and what is left after tax.
What each plan and the Postgraduate Loan take on £35,000
The thresholds payroll uses on Plan 2
Common questions
How much do I repay on Plan 2?
9% of what you earn above £29,385 a year, and nothing on the pay below it. On £35,000 that is £5,615.00 above the threshold, so £505.00 a year or £42.08 a month.
What happens if I have two loans?
An undergraduate plan and a Postgraduate Loan are repaid at the same time: 9% above the undergraduate threshold and 6% above £21,000 for the Postgraduate Loan. Two undergraduate plans are not repaid twice — payroll uses the lowest threshold you hold.
Does a pay rise change my repayment every month?
Yes, because payroll checks each pay period against the threshold for that period — £2,448.75 a month on Plan 2. A month where you earn less than that takes no repayment, even if the year as a whole is above the yearly threshold.