YOU REPAY A MONTH NOW
£4
Written off in April 2050, after £15,020 repaid, with £85,376 left.
The hold from April 2027 is England's. In February 2026 the Welsh Government said it wouldn't hold Welsh borrowers' threshold; since the Senedd election, that's for the new government to confirm.
THE WORKING
| Tax year | Repaid | Owed after | Interest | Pay |
|---|---|---|---|---|
| 2026/275 months | £20 | £45,769 | 4.18% | £30,000 |
| 2027/28 | £144 | £47,330 | 3.21% | £31,050 |
| 2028/29 | £240 | £48,697 | 3.35% | £32,137 |
| 2029/30 | £348 | £50,070 | 3.49% | £33,262 |
| 2030/31 | £372 | £51,483 | 3.52% | £34,426 |
| 2031/32 | £396 | £52,933 | 3.54% | £35,631 |
| 2032/33 | £420 | £54,422 | 3.56% | £36,878 |
| 2033/34 | £456 | £55,939 | 3.58% | £38,168 |
| 2034/35 | £480 | £57,498 | 3.60% | £39,504 |
| 2035/36 | £516 | £59,090 | 3.62% | £40,887 |
| 2036/37 | £552 | £60,715 | 3.64% | £42,318 |
| 2037/38 | £588 | £62,377 | 3.66% | £43,799 |
| 2038/39 | £624 | £64,077 | 3.68% | £45,332 |
| 2039/40 | £660 | £65,817 | 3.70% | £46,919 |
| 2040/41 | £696 | £67,600 | 3.72% | £48,561 |
| 2041/42 | £744 | £69,415 | 3.74% | £50,260 |
| 2042/43 | £792 | £71,272 | 3.77% | £52,020 |
| 2043/44 | £840 | £73,166 | 3.79% | £53,840 |
| 2044/45 | £888 | £75,099 | 3.81% | £55,725 |
| 2045/46 | £936 | £77,074 | 3.83% | £57,675 |
| 2046/47 | £996 | £79,080 | 3.85% | £59,694 |
| 2047/48 | £1,044 | £81,141 | 3.88% | £61,783 |
| 2048/49 | £1,104 | £83,239 | 3.90% | £63,945 |
| 2049/50 | £1,164 | £85,376 | 3.92% | £66,183 |
A projection on the assumptions above, not a forecast: the real rates follow RPI each March and can change with the law.