UK Student Loan Repayments
University student loans in the UK are repaid progressively based on your earnings, not the size of your debt. Deductions are automatically managed through payroll.
Repayment Thresholds & Rates
Repayments are calculated as 9% of your gross income exceeding your plan's threshold:
1. Plan 2
- Who it applies to: English and Welsh students who started university between 2012 and July 2023.
- Repayment Threshold: £27,295 annually.
2. Plan 5
- Who it applies to: Students who started university courses in September 2023 or later.
- Repayment Threshold: £25,000 annually.
Action Plan: Check Payslips
- Verify Your Plan Type: Check your Student Loans Company (SLC) online account to verify your plan category.
- Estimate Deductions: Use our UK Student Loan Repayment Estimator to budget for monthly repayments.
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