Student loans · 2026/27 thresholds
Student loan repayments on £56,000
On Plan 2, that is £200 a month (£2,395 a year). Every plan compared below.
| Plan | Monthly | Annual | Threshold |
|---|---|---|---|
| Plan 1 | £218 | £2,619 | £26,900 |
| Plan 2 | £200 | £2,395 | £29,385 |
| Plan 4 (Scotland) | £167 | £1,998 | £33,795 |
| Plan 5 | £233 | £2,790 | £25,000 |
| Postgraduate Loan | £175 | £2,100 | £21,000 |
Repayments are 9% of income above the threshold (6% postgraduate). A postgraduate loan stacks on top of a main plan.
Add a postgraduate loan on top, see write-off dates, or check the marginal cost of a pay rise:
Open the student loan calculatorCommon questions
- How much student loan do I repay on £56,000?
- It depends on your plan. On £56,000: Plan 1 £218 a month, Plan 2 £200 a month, Plan 4 (Scotland) £167 a month, Plan 5 £233 a month, Postgraduate Loan £175 a month. Repayments come out of your payslip automatically.
- Which plan am I on?
- Broadly: Plan 1 if you started before 2012 (England/Wales), Plan 2 for 2012 to 2022 starters in England and Wales, Plan 4 if you studied in Scotland, Plan 5 for English students starting from August 2023, and the Postgraduate Loan for master's or doctoral loans. Check your online student loan account if unsure.
- Why does my payslip show a different amount?
- Payroll applies the threshold per pay period, so months with bonuses or overtime repay more. The figures here assume £56,000 spread evenly across the year with no other income.
- Do repayments clear the loan?
- Only if the balance runs out before write-off: 30 years after the April you were first due to repay for Plan 2. Many people never clear it, which is why it behaves more like a payroll tax than a debt.
Nearby salaries
Wondering what the salary itself pays after tax? See £56,000 after tax.