Student loan repayment on £74,000
On a £74,000 salary you repay £334.61 a month on a Plan 2 student loan, or £4,015 a year.
Repayments on £74,000 by plan
| Plan | Threshold | Per year | Per month | Per week |
|---|---|---|---|---|
| Plan 1 | £26,900 | £4,239 | £353.25 | £81.52 |
| Plan 2 | £29,385 | £4,015 | £334.61 | £77.22 |
| Plan 4 (Scotland) | £33,795 | £3,618 | £301.54 | £69.59 |
| Plan 5 | £25,000 | £4,410 | £367.50 | £84.81 |
| Postgraduate Loan | £21,000 | £3,180 | £265.00 | £61.15 |
What it means at £74,000
- You repay 9% of pay above the threshold for your plan. On Plan 2 that is 9% of £44,615.
- With a Plan 2 loan and a Postgraduate Loan you would repay £599.61 a month in total.
- After income tax and National Insurance, take-home pay on £74,000 is £53,477 a year. Take off a Plan 2 repayment and it is £49,462, or £4,121.84 a month. See £74,000 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 £74,000. Pick your plan and tick Postgraduate Loan if you have one.
| Loan | Threshold | Rate | Per year | Per month |
|---|
Salaries near £74,000
| Salary | Plan 2 a month | Plan 5 a month |
|---|---|---|
| £71,000 | £312.11 | £345.00 |
| £72,000 | £319.61 | £352.50 |
| £73,000 | £327.11 | £360.00 |
| £74,000 | £334.61 | £367.50 |
| £75,000 | £342.11 | £375.00 |
| £76,000 | £349.61 | £382.50 |
| £77,000 | £357.11 | £390.00 |
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 £74,000?
On Plan 2 it is £334.61 a month (£4,015 a year) in 2026/27. On Plan 5 it is £367.50 a month, and on Plan 1 £353.25 a month.
How much is a Postgraduate Loan repayment on £74,000?
£265.00 a month (£3,180 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 £74,000 repay student loan?
Yes. Plan 4 repayments are £301.54 a month on £74,000, at 9% of income above £33,795.