Postgraduate Loan Calculator
For Masters and PhD student loans
🎓 Postgraduate loans work differently
- ✓ 6% repayment rate (not 9% like undergraduate loans)
- ✓ Lowest threshold (£21,000) — repayments start at lower income
- ✓ Repaid alongside any undergraduate loan (you may have two deductions)
Postgraduate Calculator
Masters and PhD loans with 6% repayment rate and lowest threshold
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£10k£150k
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Enter your loan balance to see your forecast
Using Postgraduate defaults — Threshold: £21,000/yr, Interest: 6.2%, Repayment: 6%, Write-off: 30 years
How Postgraduate Loan Repayments Work
Threshold
£21,000/yr
Lowest of all plans
Repayment Rate
6%
Not 9% like UG loans
Interest
6.2%
RPI + 3%
- Who this applies to: Students who took out a Postgraduate Master's Loan or Doctoral Loan in England or Wales
- Key difference: You repay 6% of earnings above £21,000, not 9%
- Combined repayments: If you also have an undergraduate loan (Plan 1, 2, 4, or 5), you'll repay both simultaneously
- Write-off: Remaining balance written off after 30 years
- Example: If you earn £35,000/year, your PG loan repayment would be approximately £70/month
⚠️ If you have both undergraduate and postgraduate loans
You'll make two separate repayments each month, one for each loan type:
- Undergraduate (e.g., Plan 2): 9% of earnings above £28,470
- Postgraduate: 6% of earnings above £21,000
At £35,000 salary, this could mean ~£47 (UG) + ~£70 (PG) = ~£117/month total
Use the combined loan calculator →