England’s Plan 5 undergraduate loan repayment threshold will rise to £26,025 for 2027-28, changing the income cutoff borrowers face under a schedule announced by the Department for Education and Welsh Government.
For Plan 2, the repayment and lower interest rate thresholds will each be £29,385, while the higher interest rate threshold will be £52,885. The Plan 3 postgraduate repayment threshold will stay at £21,000.
The coverage includes borrowers in England with Plan 2, 3 or 5 loans and those in Wales with Plan 2 or 3 loans. The new thresholds apply from April 6, 2027, through April 5, 2028.
