Student
UK Student Loan Repayment Calculator
Find your monthly repayment under Plan 2 or Plan 5 based on your annual salary.
How it works
You repay 9% of earnings above the plan threshold. Plan 2 threshold is £27,295/year (2024/25). Plan 5 is £25,000/year. Repayments are collected through PAYE by HMRC — you never have to manually make payments as an employee. Plan 2 loans are written off after 30 years; Plan 5 after 40 years.
Frequently asked questions
What happens if I earn below the threshold?
You make no repayments at all. Repayments only start when earnings exceed the threshold — they pause automatically if your income drops.
Does my loan accrue interest?
Yes. Plan 2 charges RPI + up to 3% while studying, then RPI to RPI + 3% based on income. Plan 5 charges RPI only.