Estimate UK student loan repayments from your plan type and annual income.
Uses the published income thresholds and rates: Plan 1 £26,900, Plan 2 £29,385, Plan 4 £33,795, Plan 5 £25,000, and Postgraduate Loan £21,000 a year, each repaid at 9% above the threshold (6% for Postgraduate Loans). Thresholds and rates change each tax year and this does not cover having more than one plan type at once — see gov.uk: repaying your student loan for current figures and combined-plan rules.
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Student Loan Repayment Calculator estimates UK student loan repayments from your repayment plan type and annual income, using the published income thresholds and repayment rates.
Plan 2, Income: £32,000 Result: (£32,000 - £29,385) x 9% = £235.35 a year, about £19.61 a month.
This calculator only models a single plan at a time. If you have both an undergraduate and Postgraduate Loan, gov.uk explains how repayments are split between them.
No. Repayments are based only on your income above the threshold for your plan, not on your outstanding loan balance.
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