England: SFE Student Loan Payback Predictor
Estimate monthly Student Finance England deductions taken from your paycheck under Plan 2 or Plan 5 using the official 2026-27 thresholds and the 9% rate.
Monthly Loan Deduction
How It Works
2026-27 Official Thresholds
- Plan 2: £29,385/year - £2,448/month - £565/week.
- Plan 5: £25,000/year - £2,083/month - £480/week.
- Repayment rate: 9% of income above the threshold for that pay period.
- Per-period rule: PAYE deducts based on each individual payslip, not your annual total - a high-income month forces a deduction even if your annual salary is below threshold.
Key Caveats
Plan 2 loans are written off 30 years after the April you became eligible to repay. Plan 5 loans are written off 40 years after first eligibility. Interest accrues separately and is not netted from your monthly deduction - the 9% above-threshold formula is fixed.
If you hold multiple SFE plans simultaneously (e.g. Plan 2 + Postgraduate), additional deductions apply. This tool covers a single undergraduate Plan 2 or Plan 5 deduction only.
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