Repayment Threshold 2026/27

Ed-1

With RPI for March in at 3.2%, from 6 April 2026 the repayment threshold for 
• plan 1 loans will rise to £26,900 (26,065 x 1.032 rounded up)
• plan 2 loans will rise to £29,385 (28,470 x 1.032 rounded up)
• plan 4 loans will rise to £33,795 (32,745 x 1.032 rounded up)

The following repayment thresholds are currently frozen:
• postgraduate (plan 3) loans at £21,000 but subject to annual review (in the absence of any announcements will remain frozen)
• plan 5 loans at £25,000 until 6 April 2027 (this threshold comes into force for the first time from 6 April 2026)

From 1 September 2025, interest rates for
• plan 1, plan 4 and plan 5 loans will be 3.2%
• plan 2 loans will range from 3.2% to 6.2% depending on whether you are studying or not (including the period until April after finishing) and what you earn if you are in repayment
• postgraduate (plan 3) loans will be 6.2%