Student Loan Plan 2 Threshold 2024/25. Of the four plans currently being repaid by employees, two of them have seen an increased earnings threshold for repayments—those being plan 1 and plan 4. Income contingent student loans for plan 2 undergraduate loans.

For the 2024/25 tax year, the repayment thresholds are as follows: On 23 august 2023, only five months into the current tax year, the department for education in england announced some annual thresholds that will apply from tax year 2024/25.