Student Loan Calculator (2025/26)
Updated for the April 2025 thresholds. Calculate exactly how much will be deducted from your payslip for Plan 1, 2, 4, 5 and Postgraduate loans.
Your Loan Details
£
Do you also have a Postgraduate Loan?
Master's or PhD loans are paid on top of undergrad loans (6% over £21k).You work hard for your remaining salary. Make sure it's protected if you can't work due to illness.
Protect Your IncomeStudent loan repayment calculator guide for 2025/26 UK
WeCovr's student loan repayment calculator helps UK borrowers estimate deductions, using indicative information prepared by WeCovr, an FCA-authorised insurance broking firm with over 900,000 policies issued across multiple classes of insurance. WeCovr also supports private medical insurance UK planning, while this guide explains repayment basics.
What this student loan calculator estimates
The calculator estimates monthly deductions based on 2025/26 plan thresholds and income.
It models undergraduate plans and optional postgraduate loans running concurrently.
Uses confirmed 2025/26 thresholds.
Calculates annual and monthly deductions.
Shows plan-specific breakdowns.
Why your plan matters
Each plan has different thresholds. Knowing your plan helps you forecast take-home pay accurately.
Why WeCovr supports income planning
WeCovr is an FCA-authorised insurance broking firm and has high customer satisfaction ratings. We also offer complimentary access to the CalorieHero AI calorie tracking app and discounts when customers take PMI or Life insurance. If you are comparing private medical insurance UK options, we can help you access private health cover through a trusted PMI broker.
Data sources and guidance references
This guide references Student Loans Company and Gov.uk threshold guidance.
Plan overview (2025/26)
| Plan | Threshold | Rate | Notes |
|---|---|---|---|
| Plan 1 | £24,990 | 9% | Pre-2012 or NI |
| Plan 2 | £27,295 | 9% | 2012-2023 |
| Plan 4 | £31,395 | 9% | Scotland |
| Plan 5 | £25,000 | 9% | From Aug 2023 |
Related WeCovr resources
FAQs
Does this include interest?
No. It calculates deductions only, not interest accrual or balances.
Do postgrad loans stack with undergrad?
Yes. Postgraduate loans are repaid alongside undergraduate plans.
Are these deductions taken before tax?
Deductions are calculated from gross income and collected via PAYE.
Are thresholds fixed?
No. Thresholds can change each tax year.
Get your score
Get your free Protection Score
Check how protected you are, spot the biggest gaps, and then decide what to do next.
Answer a few quick questions
See where your biggest protection gaps may be
Move into the right next step if you want help
What you get
A quick view of your current protection position
A clearer idea of where the biggest gaps may be
A direct route to tailored help if you want it