How Much Is My Student Loan Repayment Each Month?
Quick Answer
You repay a percentage of your income above your plan's threshold — usually 9% for undergraduate plans, or 6% for Postgraduate Loans. The percentage only applies to earnings above the threshold, not your whole salary.
Repayment Plans and Thresholds
Which plan you're on depends on when and where you studied: Plan 1, Plan 2, Plan 4 (Scotland), Plan 5, or a Postgraduate Loan, each with its own threshold and rate. You can check your plan type on your Student Finance online account if you're unsure.
How It's Calculated
Your employer deducts the repayment automatically through payroll, based on your earnings above the threshold for that pay period, at the rate for your plan (usually 9%, or 6% for Postgraduate Loans, and both together if you have two loan types).
Worked Example
On Plan 2 with a threshold of roughly £28,470 a year, if you earn £35,000, you repay 9% of the £6,530 above the threshold — around £587.70 a year, or roughly £49 a month, deducted automatically through payroll.
Multiple Jobs or Self-Employment
Each employer calculates repayments independently based on what they pay you, which can under- or over-collect compared to your true combined liability. This is reconciled at year-end, sometimes via Self Assessment. Self-employed borrowers repay through Self Assessment based on total income for the year.