Student Loan Plans

Student Loan Plans

Explore our concise table outlining the UK's key student loan plans. With clear distinctions between each plan type, repayment thresholds, and rates, our comprehensive guide offers a streamlined overview for students and financial planners alike. Stay informed and make educated decisions about your educational investments with our up-to-date summary.
Plan TypeDescriptionRepayment ThresholdRepayment Rate
Plan 1Loans taken out before 1st September 2012 (Scotland & N. Ireland)£19,895 per year9%
Plan 2Loans taken out on/after 1st September 2012 (England & Wales)£27,295 per year9%
Postgraduate LoanLoans for postgraduate study£21,000 per year6%
Plan 4Scottish student loan borrowers who have recived loans from Student Award Agency for Scotland.£27,660 per year9%

For more information about which loan plan you might be on or want more indepth information please refer to the government website here

*As of October 11 2023.