The government has increased the loan repayment thresholds for student loans by 2.9%

The increase in Student Loan Plan 1 and Plan 2 thresholds will take effect from 6 April 2019.

The thresholds of Plan 1 and Plan 2 Student Loans are increasing from April 2019 in line with inflation at 2.9%.

The Department for Education (DfE) has confirmed that from 6 April 2019 the thresholds will increase for tax year 2019/20 to:
• Plan 1 – £18,935, up from £18,300 for tax year 2018/19; and
• Plan 2 – £25,725, up from £25,000.

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