Student loan repayment on £84,000
On a £84,000 salary you repay £409.61 a month on a Plan 2 student loan, or £4,915 a year.
Repayments on £84,000 by plan
| Plan | Threshold | Per year | Per month | Per week |
|---|---|---|---|---|
| Plan 1 | £26,900 | £5,139 | £428.25 | £98.83 |
| Plan 2 | £29,385 | £4,915 | £409.61 | £94.53 |
| Plan 4 (Scotland) | £33,795 | £4,518 | £376.54 | £86.89 |
| Plan 5 | £25,000 | £5,310 | £442.50 | £102.12 |
| Postgraduate Loan | £21,000 | £3,780 | £315.00 | £72.69 |
What it means at £84,000
- You repay 9% of pay above the threshold for your plan. On Plan 2 that is 9% of £54,615.
- With a Plan 2 loan and a Postgraduate Loan you would repay £724.61 a month in total.
- After income tax and National Insurance, take-home pay on £84,000 is £59,277 a year. Take off a Plan 2 repayment and it is £54,362, or £4,530.17 a month. See £84,000 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 £84,000. Pick your plan and tick Postgraduate Loan if you have one.
| Loan | Threshold | Rate | Per year | Per month |
|---|
Salaries near £84,000
| Salary | Plan 2 a month | Plan 5 a month |
|---|---|---|
| £81,000 | £387.11 | £420.00 |
| £82,000 | £394.61 | £427.50 |
| £83,000 | £402.11 | £435.00 |
| £84,000 | £409.61 | £442.50 |
| £85,000 | £417.11 | £450.00 |
| £86,000 | £424.61 | £457.50 |
| £87,000 | £432.11 | £465.00 |
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 £84,000?
On Plan 2 it is £409.61 a month (£4,915 a year) in 2026/27. On Plan 5 it is £442.50 a month, and on Plan 1 £428.25 a month.
How much is a Postgraduate Loan repayment on £84,000?
£315.00 a month (£3,780 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 £84,000 repay student loan?
Yes. Plan 4 repayments are £376.54 a month on £84,000, at 9% of income above £33,795.