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Student loan repayment calculator
What actually comes out of your payslip, for every plan. Postgraduate loans stack on top, and the write-off date matters more than people think.
Tax year 2026/27. Repayments are taken from gross pay above the threshold, before tax. Payroll rounds to the pound, so real deductions can differ by a few pence.
Your repayment each month
£42.11
£505 a year
- Plan 2£42.11/mo
9% of everything you earn above £29,385 · written off 30 years after the April you were first due to repay
Of every extra £100 you earn, £9 goes to your student loan before tax and NI take their share.
Want the full picture with tax and NI included? Take-home pay calculator.
Common questions
- How much do I repay on my student loan each month?
- You repay 9% of everything you earn above your plan's threshold (6% for postgraduate loans). On Plan 2 with the £29,385 threshold, a £35,000 salary repays 9% of £5,615, about £42 a month. Earn under the threshold and you repay nothing at all.
- Which student loan plan am I on?
- Broadly: started an undergraduate course in England or Wales before 2012, Plan 1; England or Wales 2012 to 2022, Plan 2; Scotland, Plan 4; England from August 2023, Plan 5. Master's or doctoral loans are the separate Postgraduate Loan. Check your online student loan account if unsure.
- Do postgraduate and undergraduate loans both come out of my pay?
- Yes, they stack. A Plan 2 borrower with a postgraduate loan repays 9% above the Plan 2 threshold plus 6% above the £21,000 postgraduate threshold, so 15p of every extra pound earned above both thresholds goes to loans.
- When is my student loan written off?
- Plan 1 is written off 25 years after the April you were first due to repay, Plans 2 and 4 and postgraduate loans after 30 years, and Plan 5 after 40 years. Whatever is left at that point is cancelled, which is why overpaying is not always worth it.
- Should I pay off my student loan early?
- Often no. If your salary means you are unlikely to clear the balance before write-off, extra payments just reduce an amount that would have been cancelled anyway. Early repayment mainly suits high earners who will repay in full; for most people an emergency fund, pension match or expensive debt comes first.
See your full payslip with tax and NI in the take-home pay calculator, or find out where your money should go first with the Money Health Check.