Work out your Master's or Doctoral loan repayments for 2026/27.
| Loan | Monthly | Yearly |
|---|
2026/27 thresholds: Postgraduate Loan £21,000 (6%), Plan 1 £26,900, Plan 2 £29,385, Plan 4 £33,795, Plan 5 £25,000 (all 9%). The projection keeps the threshold fixed and applies your interest rate and pay rise each year, so it is an estimate only. Check your actual rate in your online loan account.
A Master's or Doctoral loan is repaid separately from any undergraduate loan, and at a different rate. This postgraduate loan repayment calculator shows what comes out of your salary in 2026/27, based on the thresholds in the GOV.UK student loan repayment guidance, and adds your Plan 1, 2, 4 or 5 repayments if you have both kinds of loan.
Quick answer: A postgraduate loan repayment calculator takes 6% of income above £21,000 a year in 2026/27, which is £1,750 a month through payroll. On a £35,000 salary that is 6% of £14,000, so £840 a year or £70 a month, plus 9% above any undergraduate plan threshold if you have both loans.
In This Guide
What Is a Postgraduate Loan Repayment?
Postgraduate Loans from Student Finance England and Student Finance Wales are repaid at 6% of income above £21,000 a year, which is £1,750 a month or £403.84 a week through payroll in 2026/27. Repayments start the April after you leave your course, and your employer takes them alongside tax and National Insurance.
The formula is 6% × (gross pay minus £21,000). On a £35,000 salary that is 6% of £14,000, so £840 a year or £70 a month. If you also have an undergraduate loan, you pay 9% above that plan's threshold on top. For English and Welsh students, any balance left 30 years after the April you were first due to repay is written off.
How Do You Use the Postgraduate Loan Repayment Calculator?
Step 1: Enter Your Salary
Type your gross yearly pay before tax, and if you are paid by the hour, the hourly to annual salary calculator converts your rate into the yearly figure. Type your gross yearly pay before tax. If you are paid by the hour, the hourly to annual salary calculator converts your rate into the yearly figure this tool needs.
Step 2: Choose Your Undergraduate Plan
Select None if you only have a Postgraduate Loan. Otherwise pick Plan 1, 2, 4 or 5 and the calculator adds 9% of your pay above that plan's threshold, so you see the full deduction on your payslip.
Step 3: Enter Your Balance and Assumptions
Add your Postgraduate Loan balance and the interest rate from your online account, plus an expected yearly pay rise. These inputs drive the 30 year projection only, not the monthly repayment.
Step 4: Read Your Results
You will see your monthly, yearly and weekly Postgraduate Loan repayment, a table with any undergraduate repayments and an estimate of the total you might repay. If you are weighing up a lump sum payment instead, the savings interest calculator shows what that money could earn if you kept it, which helps you compare the two options.
What Are the Student Loan Repayment Thresholds for 2026/27?
| Loan | Yearly threshold | Monthly threshold | Rate |
|---|---|---|---|
| Postgraduate Loan | £21,000 | £1,750.00 | 6% |
| Plan 1 | £26,900 | £2,241.66 | 9% |
| Plan 2 | £29,385 | £2,448.75 | 9% |
| Plan 4 | £33,795 | £2,816.25 | 9% |
| Plan 5 | £25,000 | £2,083.33 | 9% |
In 2026/27, Postgraduate Loans are repaid at 6% above £21,000 a year, while Plans 1, 2, 4 and 5 are repaid at 9% above £26,900, £29,385, £33,795 and £25,000. If your salary is steady, your payslip should match the tool, because employers take these figures straight from the HMRC rates and thresholds for 2026 to 2027 when running payroll. Deductions are worked out per pay period, which means a bonus month can push one repayment higher than the yearly average.
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How we checked this tool: the Tools Veria Editorial Team built this tool by hand, checked it against the official rules or published standards where they apply, and tested it against worked examples. Results are estimates for planning, not personal financial or tax advice. Read our editorial policy and disclaimer, or report an error.
Frequently Asked Questions
What is the Postgraduate Loan repayment threshold for 2026/27?
The threshold is £21,000 a year, which is £1,750 a month or £403.84 a week through payroll.
How much do I repay on a Postgraduate Loan?
You repay 6% of your income above £21,000. On a £35,000 salary that is £840 a year, or £70 a month.
Do I repay my Postgraduate Loan and undergraduate loan at the same time?
Yes. You pay 6% above £21,000 for the Postgraduate Loan and 9% above your undergraduate plan's threshold, both from the same pay.
When is a Postgraduate Loan written off?
For students from England or Wales, any balance left is written off 30 years after the April you were first due to repay.
Does the loan balance affect my monthly repayment?
No. The monthly amount depends only on your income above the threshold. The balance and interest decide how long you keep paying.
When do Postgraduate Loan repayments start?
Repayments start the April after you leave or finish your course, as long as your income is above the threshold.