From 6th April 2022, repayment thresholds and interest rates for student loans will be:
- Plan 1 – £20,195 (increase from £19,895)
- Plan 4 – £25,375 (increase from £25,000)
The interest rate for plan 1 and 4 remains at 9% for any earnings above the thresholds.
The repayment thresholds and interest rates for plan 2 and postgraduate loans have not yet been announced, but we will share this with you as soon as it is available.