Student Loan Plan 2 and Postgraduate Loan thresholds frozen

The Department for Education (DfE) has announced a freeze to the Plan 2 and Postgraduate student loan repayment thresholds.

Plan 2 repayment threshold

Plan 2 student loans are those taken out for a course starting after 1st September 2012 for England and Wales.Plan 2 borrowers will continue to repay 9% of their earnings over the repayment threshold. The repayment threshold for Plan 2 ICR loans remains at £27,295.

Postgraduate repayment threshold

Postgraduate loan borrowers will continue to repay 6% of their earnings over the repayment threshold. The repayment threshold for Postgraduate loans remains at £21,000.

Confirmed repayment thresholds for 6th April 2022

The following represent the indicated annual thresholds and deduction rates:

PAYadvice.UK 9/9/2021

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