GeraJobs / Student Loan Repayment / Postgraduate Loan
Postgraduate Loan Student Loan Repayment 2026
From 6 April 2026, Postgraduate Loan borrowers repay 6% of income above £21,000 a year (£1,750 a month, £403 a week).
How does Postgraduate Loan student loan repayment work in 2026?
From 6 April 2026, Postgraduate Loan borrowers repay 6% of income above £21,000 a year (£1,750 a month). At the UK median full-time salary of £39,039, that is £1,082 a year. Source: GOV.UK Student Loans Company (OGL v3.0).
Gera Student Loan Index
At the UK median full-time salary (£39,039, April 2025 ASHE), a Postgraduate Loan borrower repays £1,082 a year — 6% of income above the £21,000 threshold.
How this is calculatedPostgraduate Loan — key figures
| Annual threshold (from April 2026) | £21,000 |
| Monthly threshold | £1,750 |
| Weekly threshold | £403 |
| Repayment rate above threshold | 6% |
| Threshold April 2025 | £21,000 (up 0.0% to 2026) |
| Interest rate (1 Sep 2025 – 31 Aug 2026) | 6.2% |
| Gera Student Loan Index | £1,082 / yr |
You are on the Postgraduate Loan plan if you took out a Master’s loan on or after 1 August 2016, or a Doctoral loan on or after 1 August 2018.
Interest is RPI plus 3%. For 1 September 2025 to 31 August 2026 the rate is 6.2% (RPI 3.2% + 3%).
UK Student Loan Repayment Calculator
Pick your plan and enter your pre-tax salary to see your real annual, monthly and weekly repayment, using the official GOV.UK thresholds from April 2026.
On Postgraduate Loan you repay 6% of income above £21,000 a year.
On a salary of £39,039, you repay £18,039 above the threshold — about £1,082 a year, £90 a month or £21 a week.
This is repayment only — interest is added separately. Your actual deductions are taken through PAYE or Self Assessment.
Postgraduate Loan Student Loan — FAQ
- What is the Postgraduate Loan repayment threshold from April 2026?
- £21,000 a year — that is £1,750 a month or £403 a week. You repay 6% of anything you earn above it. Source: GOV.UK (OGL v3.0).
- Who is on Postgraduate Loan?
- You are on the Postgraduate Loan plan if you took out a Master’s loan on or after 1 August 2016, or a Doctoral loan on or after 1 August 2018.
- How much will I repay on Postgraduate Loan at the average UK salary?
- At the ONS median full-time salary of £39,039 (April 2025 ASHE), a Postgraduate Loan borrower repays £1,082 a year — this is the Gera Student Loan Index for Postgraduate Loan. Your actual repayment depends on your income.
- What interest is charged on Postgraduate Loan?
- Interest is RPI plus 3%. For 1 September 2025 to 31 August 2026 the rate is 6.2% (RPI 3.2% + 3%). Source: GOV.UK (OGL v3.0).
- Has the Postgraduate Loan threshold gone up for 2026?
- Yes — the Postgraduate Loan annual repayment threshold rose 0.0% for the 2026 to 2027 tax year, to £21,000. A higher threshold means you repay on less of your income. Source: GOV.UK previous annual repayment thresholds (OGL v3.0).
Get the new threshold when it changes
UK student loan thresholds change every 6 April. Save your email and we’ll send the new figure as soon as it’s confirmed.
Other UK student loan plans
Source: GOV.UK / Student Loans Company — student loan repayment thresholds and interest rates, effective 6 April 2026 / 1 September 2025 to 31 August 2026 (Open Government Licence v3.0). Median pay context: ONS Annual Survey of Hours and Earnings 2025 (OGL v3.0). The Gera Student Loan Index is computed by GeraJobs from these figures; no figure is modelled or interpolated.