The new student loan plan and postgraduate loan thresholds and rates from 6 April 2025 are as follows:

·         plan 1: £26,065

·         plan 2: £28,470

·         plan 4: £32,745

·         postgraduate loan: £21,000

Deductions for:

·         plans 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

Our student and postgraduate loan repayment guidance for employers has been updated with the new thresholds.