£28,000 student loan repayment by plan
Each plan repays 9% of income above its own threshold, except a postgraduate loan, which is 6%. The plan you are on depends on when and where you studied.
| Plan | Threshold | Repayment a month | A year | Take-home after loan |
|---|---|---|---|---|
| Plan 1 | £26,900 | £8 | £99 | £23,581 |
| Plan 2 | £29,385 | £0 | £0 | £23,680 |
| Plan 4 (Scotland) | £33,795 | £0 | £0 | £23,680 |
| Plan 5 | £25,000 | £23 | £270 | £23,410 |
| Postgraduate Loan | £21,000 | £35 | £420 | £23,260 |
£28,000 with an undergraduate and a postgraduate loan together
A postgraduate loan is a separate deduction, so someone repaying both pays 9% above the undergraduate threshold and 6% above £21,000, from the same salary.
| Combination | Repayment a month | A year | Take-home after both |
|---|---|---|---|
| Plan 2 + Postgraduate Loan | £35 | £420 | £23,260 |
| Plan 5 + Postgraduate Loan | £58 | £690 | £22,990 |
What a student loan takes from £28,000
The repayment comes out of pay after income tax and National Insurance, so it does not reduce either. On Plan 5, £28,000 leaves about £23,410 a year in the hand against £23,680 with no loan, a difference of £270. The balance is written off after 40 years on Plan 5, so on a modest salary the monthly figure, not the balance, is what matters.
Student loan on £28,000 in Scotland
A Scottish undergraduate is on Plan 4, which starts at £33,795, so the loan on £28,000 is £0 a year. Scottish income tax also differs, so take-home after the loan is about £23,719. The Scottish income tax calculator shows the tax side.
Salaries near £28,000
Work out your own figure
The tables assume the whole salary is above the threshold for the year and no change of job mid-year. Open the student loan repayment calculator to set your exact salary, plan and postgraduate loan, or see £28,000 after tax for the full take-home breakdown.