£44,000 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 | £128 | £1,539 | £33,661 |
| Plan 2 | £29,385 | £110 | £1,315 | £33,884 |
| Plan 4 (Scotland) | £33,795 | £77 | £918 | £34,281 |
| Plan 5 | £25,000 | £143 | £1,710 | £33,490 |
| Postgraduate Loan | £21,000 | £115 | £1,380 | £33,820 |
£44,000 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 | £225 | £2,695 | £32,504 |
| Plan 5 + Postgraduate Loan | £258 | £3,090 | £32,110 |
What a student loan takes from £44,000
The repayment comes out of pay after income tax and National Insurance, so it does not reduce either. On Plan 5, £44,000 leaves about £33,490 a year in the hand against £35,200 with no loan, a difference of £1,710. 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 £44,000 in Scotland
A Scottish undergraduate is on Plan 4, which starts at £33,795, so the loan on £44,000 is £918 a year. Scottish income tax also differs, so take-home after the loan is about £34,105. The Scottish income tax calculator shows the tax side.
Salaries near £44,000
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 £44,000 after tax for the full take-home breakdown.