Answers · UK 2025/26
How much student loan do I repay in 2026?
You repay 9% of everything you earn above your plan threshold for 2026/27 — £29,385 on Plan 2 or £25,000 on Plan 5. For example, a Plan 5 graduate on £35,000 repays about £900 a year, around £75 a month, collected through PAYE.
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Student loan repayments are 9% of income above your plan threshold for 2026/27, not 9% of your whole salary. Plan 2 graduates repay 9% above £29,385; Plan 5 graduates repay 9% above £25,000; postgraduate loan holders repay 6% above £21,000. If you have both an undergraduate and a postgraduate loan, the deductions stack, so you could pay 15% on the relevant slice of income. Worked example: a Plan 5 graduate earning £35,000 is £10,000 over the threshold, repaying 9% × £10,000 = £900 a year, about £75 a month. A Plan 2 graduate on the same £35,000 is £5,615 over, repaying 9% × £5,615 = £505 a year. The amount is income-driven, not balance-driven, so a higher salary means higher repayments regardless of how much you owe. Interest accrues but does not change your monthly repayment — only your income does. The loan is written off after a set period (40 years for Plan 5), so many borrowers never clear the full balance. The thresholds and rates apply UK-wide. Use the Take-Home Pay calculator with the student loan option to see your exact monthly repayment.
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This answer is informational only and does not constitute financial, tax or legal advice. Figures are for the 2025/26 UK tax year. See our methodology and sources.