Guidance

Overseas earnings thresholds for Plan 1 student loans, 2018-19

Published 6 April 2018

© Crown copyright 2018

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The following thresholds apply to the repayment of Plan 1 type student loans. These thresholds are valid during the period April 2018 through March 2019.

Country of residence Currency Exchange rate Earnings threshold (GBP) Fixed monthly repayment (GBP)
Afghanistan Afghanis 0.010752 7,345 98.40
Albania Leke 0.006499 7,345 98.40
Algeria Algerian Dinar 0.00705 3,680 49.20
American Samoa U.S. Dollar 0.77961 18,330 246.00
Andorra Euro 0.872486 21,995 295.20
Angola Kwanza 0.0047 11,005 147.60
Anguilla East Caribbean Dollar 0.288786 18,330 246.00
Antarctica U.S. Dollar 0.77961 18,330 246.00
Antigua and Barbuda East Caribbean Dollar 0.288786 11,005 147.60
Argentina Argentine Peso 0.047389 11,005 147.60
Armenia Dram 0.001617 7,345 98.40
Aruba Aruban Guilder 0.435539 18,330 246.00
Australia Australian Dollar 0.597621 21,995 295.20
Austria Euro 0.872486 18,330 246.00
Azerbaijan Azerbaijanian Manat 0.452811 3,680 49.20
Bahamas Bahamian Dollar 0.77961 18,330 246.00
Bahrain Bahrain Dinar 2.067183 7,345 98.40
Bangladesh Taka 0.009622 7,345 98.40
Barbados Barbados Dollar 0.389805 18,330 246.00
Belarus Belarusian Ruble 0.388348 3,680 49.20
Belgium Euro 0.872486 18,330 246.00
Belize Belizean Dollar 0.389575 11,005 147.60
Benin CFA Franc (BEAC) 0.00133 7,345 98.40
Bermuda Bermudian Dollar 0.77961 25,660 344.40
Bhutan Bhutanese Ngultrum 0.011925 7,345 98.40
Bolivia Boliviano 0.112725 7,345 98.40
Bonaire, Saint Eustatius and Saba U.S. Dollar 0.77961 18,330 246.00
Bosnia and Herzegovina Convertible Marka 0.44608 7,345 98.40
Botswana Pula 0.075382 7,345 98.40
Bouvet Island Norwegian Krone 0.094308 21,995 295.20
Brazil Brazilian Real 0.244416 11,005 147.60
British Indian Ocean Territory U.S. Dollar 0.77961 18,330 246.00
Brunei Brunei Dollar 0.562393 7,345 98.40
Bulgaria Bulgarian Lev 0.446049 7,345 98.40
Burkina Faso CFA Franc (BEAC) 0.00133 7,345 98.40
Burundi Burundi Franc 0.000453 7,345 98.40
Cambodia Riel 0.000193 7,345 98.40
Cameroon CFA Franc (BEAC) 0.00133 7,345 98.40
Canada Canadian Dollar 0.601199 18,330 246.00
Cape Verde Cape Verde Escudo 0.007888 7,345 98.40
Cayman Islands Cayman Islands Dollar 0.950894 21,995 295.20
Central African Republic CFA Franc (BEAC) 0.00133 11,005 147.60
Chad CFA Franc (BEAC) 0.00133 7,345 98.40
Channel Islands British Pound 1.00 18,330 246.00
Chile Chilean Peso 0.0012 11,005 147.60
China Yuan Renminbi 0.115013 11,005 147.60
Christmas Island Australian Dollar 0.597621 21,995 295.20
Cocos (Keeling) Islands Australian Dollar 0.597621 21,995 295.20
Colombia Colombian Peso 0.000265 7,345 98.40
Comoros Comorian Franc 0.001773 11,005 147.60
Congo Congolese Franc 0.000544 3,680 49.20
Congo Democratic Republic of Congolese Franc 0.000544 11,005 147.60
Cook Islands New Zealand Dollar 0.555754 18,330 246.00
Costa Rica Costa Rican Colon 0.001376 14,670 196.80
Cote d’Ivoire CFA Franc (BEAC) 0.00133 7,345 98.40
Croatia Kuna 0.116898 11,005 147.60
Cuba Cuban Peso 0.77961 7,345 98.40
Curacao Antillean Guilder 0.440458 18,330 246.00
Cyprus Euro 0.872486 14,670 196.80
Czech Republic Czech Koruna 0.033001 11,005 147.60
Denmark Danish Krone 0.117286 21,995 295.20
Djibouti Djiboutian Franc 0.004387 11,005 147.60
Dominica East Caribbean Dollar 0.288786 11,005 147.60
Dominican Republic Dominican Peso 0.016495 7,345 98.40
Ecuador U.S. Dollar 0.77961 11,005 147.60
Egypt Egyptian Pound 0.043439 7,345 98.40
El Salvador U.S. Dollar 0.77961 11,005 147.60
Equatorial Guinea CFA Franc (BEAC) 0.00133 7,345 98.40
Eritrea Nafka 0.051985 7,345 98.40
Estonia Euro 0.872486 11,005 147.60
Ethiopia Ethiopian Birr 0.03289 7,345 98.40
Faeroe Islands Danish Krone 0.117286 21,995 295.20
Falkland Islands Falkland Pound 1 18,330 246.00
Federated States of Micronesia U.S. Dollar 0.77961 18,330 246.00
Fiji Fiji Dollar 0.378606 11,005 147.60
Finland Euro 0.872486 18,330 246.00
France Euro 0.872486 18,330 246.00
French Guiana Euro 0.872486 18,330 246.00
French Polynesia CFP Franc 0.007311 18,330 246.00
French Southern Territories Euro 0.872486 18,330 246.00
Gabon CFA Franc (BEAC) 0.00133 7,345 98.40
Gambia Dalasi 0.017122 3,680 49.20
Georgia Lari 0.309532 7,345 98.40
Germany Euro 0.872486 18,330 246.00
Ghana Ghanaian Cedi 0.175071 7,345 98.40
Gibraltar British Pound 1.00 18,330 246.00
Greece Euro 0.872486 14,670 196.80
Greenland Danish Krone 0.117286 21,995 295.20
Grenada East Caribbean Dollar 0.288786 14,670 196.80
Guadeloupe Euro 0.872486 18,330 246.00
Guam U.S. Dollar 0.77961 18,330 246.00
Guatemala Quetzal 0.105945 11,005 147.60
Guinea Guinean Franc 0.000085 7,345 98.40
Guinea-Bissau CFA Franc (BCEAO) 0.00133 7,345 98.40
Guyana Guyanese Dollar 0.003755 11,005 147.60
Haiti Gourde 0.011936 7,345 98.40
Heard and McDonald Islands Australian Dollar 0.597621 21,995 295.20
Holy See (Vatican City State) Euro 0.872486 14,670 196.80
Honduras Lempira 0.033217 11,005 147.60
Hong Kong Hong Kong Dollar 0.100109 14,670 196.80
Hungary Forint 0.002825 11,005 147.60
Iceland Icelandic Krona 0.00723 21,995 295.20
India Indian Rupee 0.011925 3,680 49.20
Indonesia Indonesian Rupiah 0.000058 7,345 98.40
Iran Iranian Rial 0.000025 3,680 49.20
Iraq Iraqi Dinar 0.000659 3,680 49.20
Ireland Euro 0.872486 18,330 246.00
Isle of Man British Pound 1.00 18,330 246.00
Israel New Israeli Shekel 0.215033 18,330 246.00
Italy Euro 0.872486 14,670 196.80
Jamaica Jamaican Dollar 0.00607 11,005 147.60
Japan Yen 0.006952 18,330 246.00
Jordan Jordanian Dinar 1.099515 7,345 98.40
Kazakhstan Tenge 0.00239 7,345 98.40
Kenya Kenya Schilling 0.007541 7,345 98.40
Kiribati Australian Dollar 0.597621 14,670 196.80
Korea, Democratic People’s Republic of Won Korea Dem. Rep 0.466523 7,345 98.40
Korea, Republic of Won Korea Rep 0.000686 14,670 196.80
Kuwait Kuwaiti Dinar 2.567671 7,345 98.40
Kyrgyztan Republic Kyrgyzstan Som 0.011323 7,345 98.40
Lao PDR Kip 0.000094 7,345 98.40
Latvia Euro 0.872486 11,005 147.60
Lebanon Lebanese Pound 0.000516 11,005 147.60
Lesotho Loti 0.058784 7,345 98.40
Liberia Liberian Dollar (US Dollar in use) 0.77961 11,005 147.60
Libya Libyan Dinar 0.558347 7,345 98.40
Liechtenstein Swiss Franc 0.791687 25,660 344.40
Lithuania Euro 0.872486 11,005 147.60
Luxembourg Euro 0.872486 18,330 246.00
Macau Patacas 0.097211 14,670 196.80
Macedonia (Former Yugoslav Republic) Macedonian Denar 0.014169 7,345 98.40
Madagascar Malagasy Ariary 0.000249 3,680 49.20
Malawi Malawi Kwacha 0.001075 3,680 49.20
Malaysia Ringgit 0.180484 7,345 98.40
Maldives Rufiyaa 0.050515 11,005 147.60
Mali CFA Franc (BCEAO) 0.00133 7,345 98.40
Malta Euro 0.872486 14,670 196.80
Marshall Islands U.S. Dollar 0.77961 18,330 246.00
Martinique Euro 0.872486 18,330 246.00
Mauritania Ouguiyas 0.002177 3,680 49.20
Mauritius Mauritius Rupee 0.022492 7,345 98.40
Mayotte Euro 0.872486 18,330 246.00
Mexico Mexican Peso 0.041137 7,345 98.40
Moldova Moldovan Leu 0.041808 7,345 98.40
Monaco Euro 0.872486 25,660 344.40
Mongolia Tugrik 0.000319 7,345 98.40
Montenegro Euro 0.872486 7,345 98.40
Montserrat East Caribbean Dollar 0.288786 18,330 246.00
Morocco Moroccan Dirham 0.080008 7,345 98.40
Mozambique Metical 0.0012126 7,345 98.40
Myanmar Kyat 0.000571 7,345 98.40
Namibia Namibian Dollar 0.058784 7,345 98.40
Nauru Australian Dollar 0.597621 11,005 147.60
Nepal Nepalese Rupee 0.007453 7,345 98.40
Netherlands Euro 0.872486 18,330 246.00
New Caledonia CFP Franc 0.007311 18,330 246.00
New Zealand New Zealand Dollar 0.555754 18,330 246.00
Nicaragua Gold Cordoba 0.026029 7,345 98.40
Niger CFA Franc (BCEAO) 0.00133 7,345 98.40
Nigeria Nigerian Naira 0.002369 7,345 98.40
Niue New Zealand Dollar 0.555754 18,330 246.00
Norfolk Island Australian Dollar 0.597621 21,995 295.20
Northern Mariana Islands U.S. Dollar 0.77961 18,330 246.00
Norway Norwegian Krone 0.094308 21,995 295.20
Oman Rial Omani 2.025284 7,345 98.40
Pakistan Pakistan Rupee 0.007422 3,680 49.20
Palau U.S. Dollar 0.77961 18,330 246.00
Palestine (Occupied Territory) New Israeli Shekel 0.215033 7,345 98.40
Panama Balboas 0.77961 11,005 147.60
Papua New Guinea Kina 0.24483 7,345 98.40
Paraguay Guarani 0.000138 7,345 98.40
Peru New Sol 0.23839 7,345 98.40
Philippines Philippine Peso 0.015456 7,345 98.40
Pitcairn New Zealand Dollar 0.555754 18,330 246.00
Poland Zloty 0.204218 7,345 98.40
Portugal Euro 0.872486 11,005 147.60
Puerto Rico U.S. Dollar 0.77961 18,330 246.00
Qatar Qatar Riyal 0.213921 7,345 98.40
Reunion Euro 0.872486 18,330 246.00
Romania Romanian Leu 0.191208 7,345 98.40
Russian Federation Russian Ruble 0.013369 7,345 98.40
Rwanda Rwanda Franc 0.000932 7,345 98.40
Saint Helena Saint Helena Pound 1 18,330 246.00
Saint Kitts and Nevis East Caribbean Dollar 0.288786 11,005 147.60
Saint Lucia East Caribbean Dollar 0.288786 14,670 196.80
Saint Martin (French part) Euro 0.872486 18,330 246.00
Saint Pierre and Miquelon Euro 0.872486 18,330 246.00
Saint Vincent and Grenadines East Caribbean Dollar 0.288786 11,005 147.60
Saint-Barthelemy Euro 0.872486 18,330 246.00
Samoa Tala 0.31091 11,005 147.60
San Marino Euro 0.805942 18,330 246.00
Sao Tome and Principe Dobras 0.000036 11,005 147.60
Saudi Arabia Saudi Riyal 0.2079 7,345 98.40
Senegal CFA Franc (BEAC) 0.00133 7,345 98.40
Serbia Serbian Dinar 0.007165 7,345 98.40
Seychelles Seychelles Rupee 0.057452 11,005 147.60
Sierra Leone Leone 0.000106 7,345 98.40
Singapore Singapore Dollar 0.562614 11,005 147.60
Sint Maarten (Dutch part) Antilles Guilder 0.440458 18,330 246.00
Slovakia Euro 0.872486 11,005 147.60
Slovenia Euro 0.872486 11,005 147.60
Solomon Islands Solomon Islands Dollar 0.100332 18,330 246.00
Somalia Somali Shilling 0.001338 7,345 98.40
South Africa Rand 0.058784 7,345 98.40
South Georgia and the South Sandwich Islands British Pound 1.00 18,330 246.00
South Sudan Sudanese Pound 0.117734 7,345 98.40
Spain Euro 0.872486 14,670 196.80
Sri Lanka Sri Lankan Rupee 0.00512 7,345 98.40
Sudan Sudanese Pound 0.117734 11,005 147.60
Suriname Surinam Dollar 0.104222 7,345 98.40
Svalbard and Jan Mayen Islands Norwegian Krone 0.094308 21,995 295.20
Swaziland Lilangeni 0.058784 7,345 98.40
Sweden Swedish Krona 0.090805 21,995 295.20
Switzerland Swiss Franc 0.791687 25,660 344.40
Syria Syrian Pound 0.00399 7,345 98.40
Taiwan Taiwan Dollar 0.025521 11,005 147.60
Tajikistan Somoni 0.12336 3,680 49.20
Thailand Thai Baht 0.022854 7,345 98.40
Timor-Leste U.S. Dollar 0.77961 7,345 98.40
Togo CFA Franc (BEAC) 0.00133 7,345 98.40
Tokelau New Zealand Dollar 0.555754 18,330 246.00
Tonga Pa’anga 0.597621 11,005 147.60
Trinidad and Tobago Trinidad and Tobago Dollar 0.11544 11,005 147.60
Tunisia Tunisian Dinar 0.326246 7,345 98.40
Turkey Turkish New Lira 0.215378 7,345 98.40
Turkmenistan Turkmenistan New Manat 0.222533 7,345 98.40
Turks and Caicos Islands U.S. Dollar 0.77961 18,330 246.00
Tuvalu Australian Dollar 0.597621 18,330 246.00
Uganda Ugandan New Shilling 0.000216 7,345 98.40
Ukraine Hryvnia 0.029456 3,680 49.20
United Arab Emirates U.A.E. Dirham 0.212256 11,005 147.60
United Kingdom British Pound 1.00 18,330 246.00
United republic of Tanzania Tanzanian Shilling 0.000349 7,345 98.40
United States of America U.S. Dollar 0.77961 18,330 246.00
Uruguay Uruguayan Peso 0.02176 14,670 196.80
Uzbekistan Uzbekistan Sum 0.000162 7,345 98.40
Vanuatu Vatu 0.0071 18,330 246.00
Venezuela Bolivar Fuerte 0.077048 11,005 147.60
Vietnam Dong 0.000034 7,345 98.40
Virgin Islands (British) U.S. Dollar 0.77961 18,330 246.00
Virgin Islands (US) U.S. Dollar 0.77961 18,330 246.00
Wallis and Futuna Islands CFP Franc 0.007311 18,330 246.00
Western Sahara Moroccan Dirham 0.080008 7,345 98.40
Yemen Yemeni Rial 0.003115 7,345 98.40
Zambia Zambian Kwacha 0.082071 7,345 98.40
Zimbabwe Zimbabwean Dollar 0.002154 11,005 147.60
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