Repaying student loans
Repaying your student loan: How much you repay - GOV.UK
Some student loans need to be repaid:
- Tuition Fee Loan
- Maintenance Loan
You won't start repaying these loans until after you graduate, and your income exceeds the threshold for repayments.
You do not need to pay back other student finance, for example grants and bursaries.
Generally the earliest you’ll start repaying is:
- the April after you leave your course
- the April four years after the course started if you’re studying part-time and your course is longer than four years
Your repayments automatically stop if either:
- you stop working
- your income goes below the threshold
Income thresholds
Tuition Fee Loans are paid back after you finish your course and you are earning over £27,295 a year, £2,274 a month or £524 a week (before tax and other deductions).
Repayments are only ever based on your income. Parental/partner income is not included.
There are a number of different student finance arrangements, called Plans. Most new undergraduate students will be funded by Student Finance England and will be on Plan 5.
Each Plan has a different income threshold for repayments. Once you earn more than the threshold, you will start to repay your student loans:
- Plan 1 (funding from Student Finance Northern Ireland): £26,065
- Plan 2 (funding from Student Finance England or Student Finance Wales; course started between 1 September 2012 and 31 July 2023): £28,470
- Plan 3 (postgraduate loans, see our page about postgraduate student finance)
- Plan 4 (funding from Student Awards Agency Scotland): £32,745
- Plan 5 (funding from Student Finance England; course started after 1 August 2023): £25,000
You’ll repay 9% of your income over the threshold if you’re on Plan 1, 2, 4 or 5.
Examples for Plan 5 students are:
| Yearly Gross Income |
Monthly Salary |
9% Contribution (Yearly) |
9% Contribution (Monthly) |
| £25,000 |
£2,083 |
£0 |
£0 |
| £27,000 |
£2,250 |
£180 |
£15 |
| £30,000 |
£2,500 |
£450 |
£37.50 |
| £45,000 |
£3,750 |
£1,800 |
£150 |
There is no upper limit for repayments.
Interest
Current interest rates can be found here: Repaying your student loan: How much you repay - GOV.UK