This post first published: 13 April 2018
On the 6 April 2018 the repayment threshold for some student loans changed.
Plan 2 Loans
The repayment threshold for Plan 2 loans (English or Welsh students who started their undergraduate course on or after 1 September 2012) is now £25,000 a year, £2,083 a month or £480 a week.
Plan 1 Loans
The repayment threshold for Plan 1 student loans (English or Welsh students who started their undergraduate course before 1 September 2012, or Scottish/Northern Irish students) is now £18,330 a year, £1,527 a month or £352 a week.
Postgraduate Loan (from Student Finance England or Student Finance Wales)
The repayment threshold is still £21,000 a year, £1,750 a month or £404 a week. Postgraduate Loans don’t come into repayment until 6 April 2019.
Mortgage Style Loans
From 1 September 2017 until 31 August 2018 the threshold for mortgage style loans is £29,219.
For more information on repayment threshold changes, visit our website.
