Student loan repayment on £26,000
On a £26,000 salary you repay £0.00 a month on a Plan 2 student loan, or £0 a year.
Repayments on £26,000 by plan
| Plan | Threshold | Per year | Per month | Per week |
|---|---|---|---|---|
| Plan 1 | £26,900 | £0 | £0.00 | £0.00 |
| Plan 2 | £29,385 | £0 | £0.00 | £0.00 |
| Plan 4 (Scotland) | £33,795 | £0 | £0.00 | £0.00 |
| Plan 5 | £25,000 | £90 | £7.50 | £1.73 |
| Postgraduate Loan | £21,000 | £300 | £25.00 | £5.77 |
What it means at £26,000
- You repay 9% of pay above the threshold for your plan. On Plan 2 that is 9% of £0.
- With a Plan 2 loan and a Postgraduate Loan you would repay £25.00 a month in total.
- After income tax and National Insurance, take-home pay on £26,000 is £22,240 a year. Take off a Plan 2 repayment and it is £22,240, or £1,853.30 a month. See £26,000 after tax for the full breakdown.
- Repayments are worked out on each payslip, so a month with overtime or a bonus can mean a bigger deduction. Any balance left is usually written off after 25 to 40 years, depending on the plan.
Check your own figures
The calculator is set to £26,000. Pick your plan and tick Postgraduate Loan if you have one.
| Loan | Threshold | Rate | Per year | Per month |
|---|
Salaries near £26,000
| Salary | Plan 2 a month | Plan 5 a month |
|---|---|---|
| £23,000 | £0.00 | £0.00 |
| £24,000 | £0.00 | £0.00 |
| £25,000 | £0.00 | £0.00 |
| £26,000 | £0.00 | £7.50 |
| £27,000 | £0.00 | £15.00 |
| £28,000 | £0.00 | £22.50 |
| £29,000 | £0.00 | £30.00 |
Student loan repayments on all salaries
Assumptions
Annual salary paid evenly through PAYE, using 2026/27 thresholds. Plan 1 covers England or Wales before September 2012 and Northern Ireland, Plan 2 England or Wales from 2012 to July 2023, Plan 4 Scotland and Plan 5 England from August 2023. Self-employed repayments are collected through Self Assessment instead.
Frequently asked questions
How much student loan do I repay on £26,000?
On Plan 2 it is £0.00 a month (£0 a year) in 2026/27. On Plan 5 it is £7.50 a month, and on Plan 1 £0.00 a month.
How much is a Postgraduate Loan repayment on £26,000?
£25.00 a month (£300 a year), at 6% of income above £21,000. It is taken on top of any Plan 1, 2, 4 or 5 repayment.
Do Scottish graduates on £26,000 repay student loan?
No. £26,000 is below the Plan 4 threshold of £33,795, so nothing is repaid.