12/06/2026
Student Loan Deduction Types🎓
As of the 26-27 tax year, here are all of the student loan types, thresholds and repayment rates.
✏️ Plan Type 1
Plan Type 1 is designed for undergraduate and postgraduate courses started before 1st September 2012.
Repayment Rate = 9%
Annual Threshold = £26,900
✏️ Plan Type 2
Plan Type 2 is designed for undergraduate courses started between 1st September 2012 and 31st July 2023.
Repayment Rate = 9%
Annual Threshold = £29,385
✏️ Plan Type 4
Plan Type 4 is designed for Scottish students who applied to the SAAS for undergraduate or postgraduate funding.
Repayment Rate = 9%
Annual Threshold = £25,000
✏️ Postgraduate Loan
Postgraduate loans are designed for students who have completed masters or doctoral courses.
Repayment Rate = 6%
Annual Threshold = £21,000
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