See how much you’d repay each month on Plan 2 versus Plan 5 at the same salary, using HMRC’s 2026–27 thresholds.
| Plan | Yearly | Rate | Write-off |
|---|---|---|---|
| Plan 2 | £29,385 | 9% | 30 years |
| Plan 5 | £25,000 | 9% | 40 years |
Sources: HMRC employer rates 2026–27 · GOV.UK what you pay · Write-off
| Plan | Est. repayment | At write-off* |
|---|
*Long-run balance uses a simplified illustrative interest rate (currently ~4.1% shown on GOV.UK for Plan 5; Plan 2 is variable). Not an SLC official forecast.
It depends when you started your course. Plan 5 generally applies if you started on or after 1 August 2023. Check GOV.UK — which plan or your SLC account.
Plan 5’s threshold (£25,000) is lower than Plan 2 (£29,385), so more of your income is above the threshold and subject to 9%.
Plan 2: 30 years after the April you were first due to repay. Plan 5: 40 years. Source: GOV.UK write-off page linked above.
No — estimate only. Always check GOV.UK / Student Loans Company for your account.