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Update to the repayment thresholds of post-2012 and postgraduate Income Contingent Student Loans
The Department for Education (DfE) has confirmed the annual updates to the thresholds of post-2012 and postgraduate Income Contingent Student Loans.
Income Contingent Student Loans for post-2012 (Plan 2) loans
The repayment threshold for post-2012 (plan 2) loans will remain £27,295 for the period 6 April 2022 to 5 April 2023.
The interest rate thresholds for post-2012 (plan 2) loans for the period 6 April 2022 to 5 April 2023 will be as follows; the lower threshold will remain £27,295 and the higher threshold will remain £49,130.
Postgraduate Loans
The repayment threshold for Postgraduate loans remains £21,000.