28/08/2026
Payroll News ‼️
🎓 A quick recap of the latest student loan interest rates and repayment thresholds, following the Department for Education’s annual updates.
From 1 September 2026 to 31 August 2027:
📌 Plan 1 interest will be 4.1%
📌 Plan 2 interest will range from 4.1%, with a maximum 6% cap
📌 Plan 5 interest will be 4.1%
📌 Postgraduate Loan interest will be capped at 6%
📌 Mortgage Style Loan interest will be 4.1%
Looking further ahead, the Plan 1 repayment threshold will increase to £28,005 from 6 April 2027.
With different rates and rules applying across each loan type, it’s a useful one to keep bookmarked as we look ahead to the next tax year.