When you start repaying

You’ll only repay your student loan when your income is over the threshold amount for your repayment plan. The threshold amounts change on 6 April every year.

The earliest you’ll start repaying is either:

  • the April after you leave your course
  • the April 4 years after the course started, if you’re studying part-time

Your repayments automatically stop if either:

  • you stop working
  • your income goes below the threshold

If you have a Plan 1 student loan

You’ll only repay when your income is over £364 a week or £1,577 a month (before tax and other deductions).

If you have a Plan 2 student loan

You’ll only repay when your income is over £494 a week or £2,143 a month (before tax and other deductions).

If you’re on a Postgraduate Loan repayment plan

If you took out a Master’s Loan or a Doctoral Loan, you’ll only repay when your income is over £404 a week or £1,750 a month (before tax and other deductions).

Early repayments

There’s no penalty for paying some or all of your loan off early.