UK Student Loan Repayment Calculator
NewWork out monthly student loan repayments and whether the balance clears.
Monthly Repayment
64.61
Annual Repayment
775.35
Years to Clear
Not cleared
At these figures the balance does not clear within 30 years, and 170,842.39 would be written off. Voluntary overpayments would not reduce what you actually repay.
| Year | Salary | Repayment | Interest | Balance |
|---|---|---|---|---|
| 1 | 38,000.00 | 775.35 | 3,285.00 | 47,509.65 |
| 2 | 39,140.00 | 877.95 | 3,468.20 | 50,099.90 |
| 3 | 40,314.20 | 983.63 | 3,657.29 | 52,773.57 |
| 4 | 41,523.63 | 1,092.48 | 3,852.47 | 55,533.56 |
| 5 | 42,769.33 | 1,204.59 | 4,053.95 | 58,382.92 |
| 6 | 44,052.41 | 1,320.07 | 4,261.95 | 61,324.81 |
| 7 | 45,373.99 | 1,439.01 | 4,476.71 | 64,362.51 |
| 8 | 46,735.21 | 1,561.52 | 4,698.46 | 67,499.46 |
| 9 | 48,137.26 | 1,687.70 | 4,927.46 | 70,739.21 |
| 10 | 49,581.38 | 1,817.67 | 5,163.96 | 74,085.50 |
| 11 | 51,068.82 | 1,951.54 | 5,408.24 | 77,542.20 |
| 12 | 52,600.89 | 2,089.43 | 5,660.58 | 81,113.35 |
| 13 | 54,178.91 | 2,231.45 | 5,921.27 | 84,803.17 |
| 14 | 55,804.28 | 2,377.74 | 6,190.63 | 88,616.07 |
| 15 | 57,478.41 | 2,528.41 | 6,468.97 | 92,556.63 |
| 16 | 59,202.76 | 2,683.60 | 6,756.63 | 96,629.67 |
| 17 | 60,978.84 | 2,843.45 | 7,053.97 | 100,840.19 |
| 18 | 62,808.21 | 3,008.09 | 7,361.33 | 105,193.44 |
| 19 | 64,692.46 | 3,177.67 | 7,679.12 | 109,694.89 |
| 20 | 66,633.23 | 3,352.34 | 8,007.73 | 114,350.27 |
| 21 | 68,632.23 | 3,532.25 | 8,347.57 | 119,165.59 |
| 22 | 70,691.19 | 3,717.56 | 8,699.09 | 124,147.12 |
| 23 | 72,811.93 | 3,908.42 | 9,062.74 | 129,301.44 |
| 24 | 74,996.29 | 4,105.02 | 9,439.00 | 134,635.43 |
| 25 | 77,246.18 | 4,307.51 | 9,828.39 | 140,156.31 |
| 26 | 79,563.56 | 4,516.07 | 10,231.41 | 145,871.65 |
| 27 | 81,950.47 | 4,730.89 | 10,648.63 | 151,789.38 |
| 28 | 84,408.98 | 4,952.16 | 11,080.63 | 157,917.85 |
| 29 | 86,941.25 | 5,180.06 | 11,528.00 | 164,265.79 |
| 30 | 89,549.49 | 5,414.80 | 11,991.40 | 170,842.39 |
Thresholds are uprated annually by the Student Loans Company and interest on Plan 2 is RPI-linked. Check your SLC account for your exact figures and write-off date.
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About UK Student Loan Repayment Calculator
UK Student Loan Repayment Calculator works out what you repay each month and, more importantly, whether the balance will ever clear. Repayments are 9% of income above your plan threshold — 6% for postgraduate loans — so they behave more like a graduate tax than a conventional loan. Enter your salary and plan to get the annual and monthly repayment, the amount of income above threshold, and what share of your salary the repayment represents. Add your balance, the loan interest rate and expected salary growth and the tool projects year by year: interest accrues, repayments are applied, and it reports either the year the balance clears or the amount written off at the end of the repayment period. For many Plan 2 borrowers interest exceeds repayments for years, and seeing that projection is the point.
Key Features
All Four Plan Types
Plan 1, Plan 2, Plan 4 and postgraduate loans, each with its own threshold and repayment percentage.
Income Above Threshold
Shows the portion of salary repayments are actually charged on, which makes the graduate-tax structure obvious.
Year-by-Year Projection
Tracks salary growth, interest accrual, repayment and balance for every year up to write-off.
Write-Off Detection
Reports the amount written off if the balance does not clear, rather than pretending every loan gets repaid in full.
Share of Salary
Repayment as a percentage of gross salary, useful when comparing job offers at different salary levels.
Adjustable Interest Rate
Plan 2 interest is RPI-linked and varies, so the rate is an input rather than a hardcoded assumption.
How to Use
- 1
Enter your salary
Use gross annual salary. Repayments are calculated on income above your plan threshold only.
- 2
Select your plan
Plan 1 for pre-2012 loans, Plan 2 for post-2012, Plan 4 for Scottish loans, postgraduate for master’s and doctoral loans.
- 3
Enter your balance and interest rate
Take both from your Student Loans Company account. Plan 2 interest is RPI-linked and changes annually.
- 4
Set expected salary growth
Repayments rise with salary, so growth strongly affects whether the balance clears.
- 5
Check the projection
Read the year the balance clears, or the amount written off if it does not.
Real-World Use Cases
Overpayment Decision
A graduate checks whether their balance would ever clear before deciding to make voluntary overpayments.
Salary Negotiation Context
Someone weighing a pay rise sees how much of it goes to student loan repayment, so the real gain is clear.
Mortgage Affordability Prep
A first-time buyer identifies their monthly repayment figure before a lender counts it against their borrowing capacity.
Frequently Asked Questions
Related Free Tools
Explore these tools that work great alongside UK Student Loan Repayment Calculator:
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