£50,000 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 | £173 | £2,079 | £37,441 |
| Plan 2 | £29,385 | £155 | £1,855 | £37,664 |
| Plan 4 (Scotland) | £33,795 | £122 | £1,458 | £38,061 |
| Plan 5 | £25,000 | £188 | £2,250 | £37,270 |
| Postgraduate Loan | £21,000 | £145 | £1,740 | £37,780 |
£50,000 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 | £300 | £3,595 | £35,924 |
| Plan 5 + Postgraduate Loan | £333 | £3,990 | £35,530 |
What a student loan takes from £50,000
The repayment comes out of pay after income tax and National Insurance, so it does not reduce either. On Plan 5, £50,000 leaves about £37,270 a year in the hand against £39,520 with no loan, a difference of £2,250. 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 £50,000 in Scotland
A Scottish undergraduate is on Plan 4, which starts at £33,795, so the loan on £50,000 is £1,458 a year. Scottish income tax also differs, so take-home after the loan is about £36,565. The Scottish income tax calculator shows the tax side.
Salaries near £50,000
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 £50,000 after tax for the full take-home breakdown.