Student Loan plan 1 Threshold uplift for April 2022 confirmed

The Department for Education (DfE) confirmed the annual updates to the Thresholds of Income Contingent Student Loans and Mortgage Style Student Loans.

Income Contingent Student Loans for pre-2012 (Plan 1) loans

From 6 April 2022, the repayment threshold for pre-2012 (Plan 1) loans will rise to £20,195.

PSP 2021(c)

Income Contingent Student Loans for post-2012 (Plan 2) loans

The income and variable interest thresholds for post-2012 (plan 2) loans to apply from April 2022 will be announced at a later date.

Postgraduate Loans

The income thresholds for Postgraduate Masters or Doctoral Loans to apply from April 2022 will be announced at a later date.

Mortgage Style Loans

The deferment threshold for mortgage style loans will be £36,284.

PAYadvice.UK 12/8/2021

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