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<p>Borrowers earning just above the repayment threshold will make relatively small
repayments as the repayment amount is based on paying 9% (for Plan 1 and Plan 2 loans)
or 6% (for Post-graduate loans) of income above the repayment threshold. The repayment
thresholds are currently £18,330 for Plan 1 loans, £25,000 for Plan 2 loans, £21,000
post graduate loans. For example a borrower with a Plan 2 loan with an income of £26,000
a year, will pay £90 per year (or £7.50 per month). Borrowers earning below the repayment
threshold pay nothing at all.</p>
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