Student Loan Repayment Calculator

Calculate how much you'll repay each month based on your income (Plan 5)

Plan 5 - For courses starting after August 2023

You only start repaying your student loan when your income exceeds £25,000 per year. Repayments are 9% of your income above this threshold — not 9% of your total salary.

What is your annual income (before tax)?

£25,000 per year

£15k £25k threshold £50k £75k £100k

Or enter manually:

No repayments required

Your income of £25,000 is at or below the £25,000 threshold.
You won't make any student loan repayments until you earn above this amount.

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Important Information about Plan 5

Repayment threshold: £25,000 per year (Plan 5 for courses starting after August 2023)
Repayment rate: 9% of income above the threshold — not 9% of your total salary
Automatic deductions: Repayments are taken directly from your salary by your employer
Loan written off: Any remaining balance is written off after 40 years
Interest rate: RPI (Retail Price Index) only — no additional interest above inflation