Student loan repayment on £48,000
On a £48,000 salary you repay £139.61 a month on a Plan 2 student loan, or £1,675 a year.
Repayments on £48,000 by plan
| Plan | Threshold | Per year | Per month | Per week |
|---|---|---|---|---|
| Plan 1 | £26,900 | £1,899 | £158.25 | £36.52 |
| Plan 2 | £29,385 | £1,675 | £139.61 | £32.22 |
| Plan 4 (Scotland) | £33,795 | £1,278 | £106.54 | £24.59 |
| Plan 5 | £25,000 | £2,070 | £172.50 | £39.81 |
| Postgraduate Loan | £21,000 | £1,620 | £135.00 | £31.15 |
What it means at £48,000
- You repay 9% of pay above the threshold for your plan. On Plan 2 that is 9% of £18,615.
- With a Plan 2 loan and a Postgraduate Loan you would repay £274.61 a month in total.
- After income tax and National Insurance, take-home pay on £48,000 is £38,080 a year. Take off a Plan 2 repayment and it is £36,404, or £3,033.69 a month. See £48,000 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 £48,000. Pick your plan and tick Postgraduate Loan if you have one.
| Loan | Threshold | Rate | Per year | Per month |
|---|
Salaries near £48,000
| Salary | Plan 2 a month | Plan 5 a month |
|---|---|---|
| £45,000 | £117.11 | £150.00 |
| £46,000 | £124.61 | £157.50 |
| £47,000 | £132.11 | £165.00 |
| £48,000 | £139.61 | £172.50 |
| £49,000 | £147.11 | £180.00 |
| £50,000 | £154.61 | £187.50 |
| £51,000 | £162.11 | £195.00 |
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 £48,000?
On Plan 2 it is £139.61 a month (£1,675 a year) in 2026/27. On Plan 5 it is £172.50 a month, and on Plan 1 £158.25 a month.
How much is a Postgraduate Loan repayment on £48,000?
£135.00 a month (£1,620 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 £48,000 repay student loan?
Yes. Plan 4 repayments are £106.54 a month on £48,000, at 9% of income above £33,795.