Source: HMRC
Department for Education announced the new student loan plan type and postgraduate loan thresholds and rates from 6 April 2025:
- plan 1 — £26,065
- plan 2 — £28,470
- plan 4 — £32,745
- postgraduate loan — £21,000
Deductions for:
- plan type 1, 2 and 4 remain at 9% for any earnings above the respective thresholds
- postgraduate loan remains at 6% for any earnings above the respective threshold
Guidance on the new student and postgraduate loan thresholds will be updated on 6 April 2025.