Student loan repayment on £37,000
On a £37,000 salary you repay £57.11 a month on a Plan 2 student loan, or £685 a year.
Repayments on £37,000 by plan
| Plan | Threshold | Per year | Per month | Per week |
|---|---|---|---|---|
| Plan 1 | £26,900 | £909 | £75.75 | £17.48 |
| Plan 2 | £29,385 | £685 | £57.11 | £13.18 |
| Plan 4 (Scotland) | £33,795 | £288 | £24.04 | £5.55 |
| Plan 5 | £25,000 | £1,080 | £90.00 | £20.77 |
| Postgraduate Loan | £21,000 | £960 | £80.00 | £18.46 |
What it means at £37,000
- You repay 9% of pay above the threshold for your plan. On Plan 2 that is 9% of £7,615.
- With a Plan 2 loan and a Postgraduate Loan you would repay £137.11 a month in total.
- After income tax and National Insurance, take-home pay on £37,000 is £30,160 a year. Take off a Plan 2 repayment and it is £29,474, or £2,456.19 a month. See £37,000 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 £37,000. Pick your plan and tick Postgraduate Loan if you have one.
| Loan | Threshold | Rate | Per year | Per month |
|---|
Salaries near £37,000
| Salary | Plan 2 a month | Plan 5 a month |
|---|---|---|
| £34,000 | £34.61 | £67.50 |
| £35,000 | £42.11 | £75.00 |
| £36,000 | £49.61 | £82.50 |
| £37,000 | £57.11 | £90.00 |
| £38,000 | £64.61 | £97.50 |
| £39,000 | £72.11 | £105.00 |
| £40,000 | £79.61 | £112.50 |
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 £37,000?
On Plan 2 it is £57.11 a month (£685 a year) in 2026/27. On Plan 5 it is £90.00 a month, and on Plan 1 £75.75 a month.
How much is a Postgraduate Loan repayment on £37,000?
£80.00 a month (£960 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 £37,000 repay student loan?
Yes. Plan 4 repayments are £24.04 a month on £37,000, at 9% of income above £33,795.