Student loans

Student loans

Increase in Student Loans

Plan 1 and Plan 2 thresholds from 6 April 2019 and Postgraduate Loans (PGL)

The thresholds of Plan 1 and Plan 2 Student Loans are increasing from April 2019.

The current thresholds for the tax year 2018-19 are:

  • Plan 1 – £18,330
  • Plan 2 – £25,000.

The Department for Education (DfE) has confirmed that from 6 April 2019 the thresholds will increase to:

  • Plan 1 – £18,935
  • Plan 2 – £25,725.

Student loan deductions will remain the same at 9% for Plan 1 and Plan 2 loans.