Student Loan Plan 2 Calculator
Estimate your 2026/27 Plan 2 student loan repayments — 9% of your income above the £29,385 threshold, broken down by year, month, and week.
Calculate Your Plan 2 Repayments
Enter your gross salary to instantly see how much you’ll repay on your Plan 2 student loan for the 2026/27 tax year, broken down by year, month, and week.
Plan 2 Estimator
Get a clear breakdown of your student loan repayments.
How it Works
Understanding your Plan 2 repayments
Enter Your Salary
Type in your gross annual salary before tax, National Insurance, or other deductions.
Threshold Applied
We subtract the 2026/27 Plan 2 threshold of £29,385 to find the portion of income that’s repayable.
9% Rate Charged
Plan 2 repayments are charged at 9% of the income above the threshold, not 9% of your whole salary.
Get Your Breakdown
See your estimated repayment broken down into annual, monthly, and weekly amounts.
2026/27 Plan 2 Key Figures
Key thresholds and rules for Plan 2 student loans in the 2026/27 tax year.
| Detail | 2026/27 Figure | Notes |
|---|---|---|
| Annual Threshold | £29,385 | Up from £28,470 in 2025/26. |
| Monthly Threshold | £2,449 | Applied per pay period, not just annually. |
| Weekly Threshold | £565 | Applied per pay period, not just annually. |
| Repayment Rate | 9% | Charged only on income above the threshold. |
| Write-Off Period | 30 years | From the April you were first due to repay. |
Student Loan Plan 2 FAQ
Answers to the most frequently asked questions about Plan 2 student loan thresholds, rates, and eligibility.
For the 2026/27 tax year, the Plan 2 student loan repayment threshold is £29,385 a year, which works out to £2,449 a month or £565 a week. You only repay on income above this amount.
You repay 9% of your income above the £29,385 threshold. For example, on a £40,000 salary you would repay 9% of £10,615, which is approximately £955 a year.
Plan 2 applies to most English and Welsh students who started an undergraduate course between 1 September 2012 and 31 July 2023, as well as some who took out Advanced Learner Loans during that period.
Plan 2 student loans are written off 30 years after the April you were first due to start repaying, regardless of how much of the balance remains outstanding.