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Student Loans Repayment Threshold Announcement
The Department for Education and the Welsh Government have today, 12 November 2026, confirmed the annual repayment thresholds for Income Contingent Student Loans, covering Plan 2, Plan 3 and Plan 5 loans in England and Plan 2 and Plan 3 loans in Wales.
Income Contingent Repayment Student Loans
Undergraduate loans
Income Contingent Student Loans for Plan 2 undergraduate loans
The repayment threshold and lower interest rate threshold for Plan 2 loans remains at £29,385 from 6 April 2027 to 5 April 2028.
The higher interest rate threshold for Plan 2 loans remains at £52,885.
Income Contingent Student Loans for Plan 5 (from 2023 academic year) undergraduate loans in England
The repayment threshold for Plan 5 loans will rise to £26,025 from 6 April 2027 to 5 April 2028.
Postgraduate Loans
Income Contingent Student Loans for Plan 3 postgraduate loans
The repayment threshold for Plan 3 loans remains at £21,000 from 6 April 2027 to 5 April 2028.