What does the Student Loan Plan 4 (Scotland) Calculator do?

Calculate Plan 4 (Scottish) student loan repayments at 9% above the £31,395 threshold for 2025/26. See monthly and annual deductions. All calculations are performed in your browser using official UK rates and thresholds.

Does this use current UK interest rates?

You can enter any interest rate to model different scenarios. The Bank of England base rate and FCA guidelines influence typical lending rates available in the UK market.

Should I get professional debt advice?

If you are struggling with debt, free professional advice is available from StepChange (0800 138 1111), Citizens Advice, and the National Debtline (0808 808 4000). This calculator provides estimates only.

Student Loan Plan 4 (Scotland) Calculator

Calculate Plan 4 (Scottish) student loan repayments at 9% above the £31,395 threshold for 2025/26. See monthly and annual deductions.

Last updated: April 2026 · Source: GOV.UK — Student loan repayment plans

Annual Salary

Loan Balance

Monthly Repayment (Plan 4 Scotland)

£27.04

£324.45/year · 9% above £31,395

~47 years to repay (without interest)

Plan 4 (Scotland): 9% of income above £31,395. Written off 30 years after first repayment due. If you also have a Plan 2 loan, you repay both simultaneously.

Disclaimer

This calculator is provided for informational purposes only and should not be considered as financial or tax advice. All calculations are performed locally in your browser — no personal data is collected or sent to our servers. Rates and thresholds are sourced from HMRC and GOV.UK and are updated for the current tax year. Always verify results with HMRC or consult a qualified professional before making financial decisions.

How It Works

Plan 4 applies to students who took out loans from the Student Awards Agency for Scotland (SAAS) or who started undergraduate courses in England or Wales before September 2012 and now live in Scotland. The repayment threshold for 2025/26 is £31,395 — the highest of all UK plan types.

You repay 9% of everything you earn above £31,395. The interest rate on Plan 4 is the lower of RPI or the Bank of England base rate plus 1%. Plan 4 loans are written off when you turn 65 (or 25 years after the April you were first eligible to repay, whichever comes first).

Enter your salary to see monthly and annual repayments. If you are on Plan 4 plus a Postgraduate Loan, both are deducted separately. The higher threshold means Scottish graduates repay less per month than English graduates on the same salary.

Example: £40,000 salary, Plan 4

Income above threshold: £40,000 − £31,395 = £8,605
Annual repayment: £8,605 × 9% = £774.45
Monthly deduction: £64.54
Compare to Plan 2 at same salary: £1,143.45/year (£95.29/month)

Source: GOV.UK — Student loan repayment plans

Frequently Asked Questions

What does the Student Loan Plan 4 (Scotland) Calculator do?: Calculate Plan 4 (Scottish) student loan repayments at 9% above the £31,395 threshold for 2025/26. See monthly and annual deductions. All calculations are performed in your browser using official UK rates and thresholds.
Does this use current UK interest rates?: You can enter any interest rate to model different scenarios. The Bank of England base rate and FCA guidelines influence typical lending rates available in the UK market.
Should I get professional debt advice?: If you are struggling with debt, free professional advice is available from StepChange (0800 138 1111), Citizens Advice, and the National Debtline (0808 808 4000). This calculator provides estimates only.