In most cases, your plan depends on when and where you studied.
Your payslip or Student Loans Company account will confirm your repayment plan.
Repayments are usually deducted automatically through PAYE once your income rises above the repayment threshold.
Student loan deductions increase, reduce or stop as your earnings move above or below the repayment threshold.
Repayments are normally calculated and collected through your Self Assessment tax return.
Different plans have different repayment thresholds, write-off dates and rules, so two people on the same salary may repay very different amounts.
Each repayment plan has different thresholds and write-off rules, which can change your student loan outcome over your lifetime.
| Plan | Repayment threshold | Repayment rate | Write-off |
|---|---|---|---|
| Plan 1 | £26,900 | 9% | 25 years |
| Plan 2 | £29,385 | 9% | 30 years |
| Plan 4 | £33,795 | 9% | 30 years |
| Plan 5 | £25,000 | 9% | 40 years |
| Postgraduate | £21,000 | 6% | 30 years |
Repayment thresholds and rules can change over time. Always check the latest official figures if you're making an important financial decision.
Your repayment plan determines when repayments begin, how much is deducted from your salary and how long repayments can continue.
It's one of the biggest factors in understanding whether you're likely to repay your balance in full.
Knowing your repayment plan makes every other student loan decision easier to understand.
Not if you are employed. Repayments are usually deducted automatically via your employer.
Student loan deductions start once your income is above the repayment threshold.
Keep your employment and contact info up to date with the student loan service.
Your new employer handles deductions once your details are updated.
Deductions reduce or stop if earnings drop below the threshold.
Yes, different plans have different thresholds and rules.
Use the Wayli Student Loan Calculator to calculate your own outcome.
Calculate my outcome