The Department for Education and the Welsh Government have fixed the income thresholds that will govern repayments on income-contingent student loans from 6 April 2027 to 5 April 2028.
For Plan 2 undergraduate loans in England and Wales, the repayment threshold and lower interest threshold remain at £29,385. The higher interest threshold also stays unchanged at £52,885.
England’s Plan 5 undergraduate threshold will rise to £26,025. Plan 5 covers loans for students who began courses from the 2023 academic year. The postgraduate Plan 3 repayment threshold will remain at £21,000 in both England and Wales.
The annual announcement determines when borrowers begin making deductions through the tax system; it does not alter their contractual balance or repayment rate. The Student Loans Company published the figures on 12 November 2026.
Official threshold announcement
