Business ·
Plan 5 student-loan threshold will rise for the 2027–28 repayment year
The November 12 announcement leaves the Plan 2 and postgraduate thresholds unchanged.
New Mexico Herald · News Desk
The Student Loans Company announced repayment thresholds on November 12 for the year running from April 6, 2027 to April 5, 2028. For Plan 5 undergraduate loans in England, the threshold will rise to £26,025. The announcement concerns that future repayment year, rather than an immediate November change.
The annual repayment threshold for Plan 2 undergraduate loans remains £29,385, and its higher interest-rate threshold remains £52,885. The Plan 3 postgraduate repayment threshold stays at £21,000. The release covers Plans 2 and 3 in England and Wales, as well as Plan 5 in England.
The figures apply to different loan plans, so they should not be treated as one threshold covering every borrower. The announcement also distinguishes repayment thresholds from the Plan 2 higher interest-rate threshold; those figures have different roles in the loan system.