Question: what is the difference between a student loan repayment plan 1 and 2?
Answer: Plan 1 loans will start being repaid once you earn over the annual threshold of £19,390 a year, £1,615 a month or £372 a week. Plan 2 loan repayments start once you earn over the annual threshold of £26,575 a year, £2,214 a month or £511 a week.