This page shows the student-loan repayment on a £38,000 salary for someone on Plan 4 in the 2025/26 tax year. The calculator above is pre-filled with £38,000 on Plan 4.
£38,000 on Plan 4 — 2025/26
| Amount | |
|---|---|
| Gross salary | £38,000 |
| Plan 4 threshold | £32,745 |
| Income above threshold | £5,255 |
| Repayment rate | 9% |
| Repayment per year | £472.95 |
| Repayment per month | £39.41 |
| Repayment per week | £9.10 |
| Effective rate of whole salary | 1.24% |
On £38,000 you repay £39.41 a month on Plan 4 — 9% of the £5,255 you earn above the £32,745 threshold. The first £32,745 of your salary is protected, so only 1.24% of your total pay goes to the loan.
The same £38,000 on every plan
If you were on a different plan, the repayment on £38,000 in 2025/26 would be:
| Plan | Threshold | Rate | Per year | Per month |
|---|---|---|---|---|
| Plan 4 (this page) | £32,745 | 9% | £472.95 | £39.41 |
| Plan 1 | £26,065 | 9% | £1,074.15 | £89.51 |
| Plan 2 | £28,470 | 9% | £857.70 | £71.48 |
| Plan 5 | £25,000 | 9% | £1,170.00 | £97.50 |
| Postgraduate Loan | £21,000 | 6% | £1,020.00 | £85.00 |
Lower thresholds mean repayments start sooner; the rate is 9% for all undergraduate plans and 6% for the Postgraduate Loan.
How this is worked out
Student-loan repayments are 9% of income above the Plan 4 threshold, not a percentage of your whole salary. On £38,000: £38,000 − £32,745 = £5,255 above the threshold; 9% of £5,255 = £472.95 a year. Employed borrowers pay this through PAYE; SLC rounds each pay-period deduction down to the nearest pound. Interest is added to the balance separately and does not change the deduction.
Assumptions
A 2025/26 planning estimate for a borrower on Plan 4 with steady annual earnings of £38,000 and no in-year bonus spikes. It does not model the per-pay-period rounding, interest, or any voluntary overpayments. Your SLC account and payslip are the authority.
Sources & as-of
- Repayment rate and Plan 4 threshold (£32,745, 9%): GOV.UK — Repaying your student loan; House of Commons Library CBP-10654.
- Tax year 2025/26 (6 April 2025 to 5 April 2026). Page data as-of 2026-06-18.