UK student loan calculator
Calculate UK student loan repayments for Plan 1, Plan 2, Plan 4 Scotland, Plan 5 and Postgraduate loans based on your salary.
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Note: In the UK, student loans function as a graduate payroll tax collected through PAYE. Deductions stop automatically if your earnings drop below the plan threshold.
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About this tool
Work out your monthly and annual UK student loan repayments based on your annual gross salary. Supports Plan 1, Plan 2 (post-2012), Plan 4 (Scotland), Plan 5 (new 2023+ undergraduate loans), and the Postgraduate Master’s Loan, including combined undergraduate and postgraduate deductions.
How to use it
- 1 Select your student loan plan (Plan 1, Plan 2, Plan 4 Scotland, or Plan 5).
- 2 Toggle the Postgraduate Loan option if you hold both undergraduate and postgrad loans.
- 3 Enter your annual salary to see your monthly deduction through PAYE, annual total, and repayment thresholds.
Questions
What is the repayment threshold for Plan 2?
For Plan 2 (courses started between September 2012 and July 2023 in England and Wales), you repay 9% of income earned above £27,295 per year (£2,274 per month).
Can you repay undergraduate and postgraduate loans at the same time?
Yes. If you have both an undergraduate loan and a Postgraduate Loan, you repay 9% over the undergrad threshold plus 6% over the £21,000 postgraduate threshold, for a combined marginal deduction of 15% on earnings above the higher threshold.
When are UK student loans written off?
Plan 1 is written off at age 65 or 25 years after graduation; Plan 2 is written off after 30 years; Plan 4 is written off after 30 years or age 65; Plan 5 is written off after 40 years.
Is my data uploaded?
No. This tool runs in your browser, so your text and files never reach our server.
Is this tool free?
Yes. It’s free to use with no sign-up and no limits for normal use.
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