Plan 5 — loans taken from 2023 onwards

Will a doctor ever pay off their student loan?

5-year degree · Estimated total loan: £100,370

Repayment at starting vs mid-career salary

Starting salary

£36,616/yr

Above threshold£11,616
Monthly repayment£87
Estimated loan£100,370
Years to repayWritten off after 40 years
Total repaid£41,760

Mid-career salary

£55,000/yr

Above threshold£30,000
Monthly repayment£225
Estimated loan£100,370
Years to repay38 years
Total repaid£100,370

On a starting doctor salary of £36,616/year, monthly repayments are £87. The loan would not be fully repaid before the 40-year write-off. Total repaid over 40 years: ~£41,760 of a £100,370 loan.

At a mid-career salary of £55,000/year, repayments rise to £225/month and the loan could be fully repaid in ~38 years.

Monthly take-home impact

Student loan repayments come out via PAYE before your salary hits your account. You budget to your take-home, not your gross salary.

Starting salary take-home

Annual salary£36,616/year
Gross monthly£3,051
Income tax + NI (est.)−£561
Student loan repayment−£87
Estimated take-home£2,403/mo

Mid-career take-home

Annual salary£55,000/year
Gross monthly£4,583
Income tax + NI (est.)−£959
Student loan repayment−£225
Estimated take-home£3,399/mo

Estimates based on 2025/26 tax rates and personal allowance of £12,570. Does not account for pension contributions, student loan interest, or salary sacrifice schemes.

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Bursary note

Medical students study 5–6 years. Loan totals are higher. NHS bursaries apply from Year 5.

Salary data

What does a doctor actually earn in each city?

Full salary breakdown by region, experience, and sector →

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