Will you ever pay off your student loan?
How much you’ll repay each year, the interest added, and whether it’s paid off or written off.
Common questions
How much do I repay on my student loan?
9% of what you earn over your plan’s threshold (6% over £21,000 for a postgraduate loan), taken from your pay. If you earn less than the threshold, you pay nothing.
Should I pay my student loan off early?
Often not. Most Plan 2 and Plan 5 borrowers never repay the full amount before it’s written off, so extra payments can just mean paying more in total. If you’re likely to clear it anyway, paying early can save interest.
What interest is charged in 2026/27?
From 1 September 2026, Plans 1, 4 and 5 charge 4.1% (RPI). Plan 2 charges between 4.1% and RPI + 3% depending on income, and Plan 2 and postgraduate loans are capped at 6% this year.