Calculate the real cost of your UK Student Loan

If you are an English, Welsh, Scottish or EU student with a UK Student Loan, you can use this calculator to find out:

  • How much student loan debt you could graduate with
  • Potential repayment costs per year
  • How long it could take to pay off your student loan debt
How the calculator works

If you are a student with a Plan 1, 2, 4, 5 or postgraduate student loan, you only make repayments if your pre-tax salary is above the repayment threshold. Your repayment totals 9% of your earnings above the threshold on Plan 1, 2 or 4, or 6% of your earnings above the threshold if you are on a postgraduate plan.

This calculator uses the inputs about your student loan debt and a number of assumptions to calculate your repayments each year. The calculator adjusts for future increases in your income, changes to the thresholds and the interest that accrues on your loan.

Your Student Loan
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Years
Plan 1 Loans were not available for those starting a course after 2012. Please change the course start year if you want to select Plan 1 Loans. Find out more about Loan Plans in our FAQs or on www.gov.uk
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Extra Settings
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Results

Press Calculate in the input panel to receive your results.
Frequently Asked Questions
How does the calculator work?

If you are a student with a plan 1, 2, 4, 5 or postgraduate student loan, you only make repayments if your pre-tax salary is above the repayment threshold. Your repayment totals 9% of your earnings above the threshold on plan 1, 2, 4 or 5 or 6% of you earnings above the threshold if you are on a postgraduate plan.

This calculator uses the inputs about your student loan debt and a number of assumptions to calculate your repayments each year. The calculator adjusts for future increases in your income, changes to the thresholds and the interest that accrues on your loan.

Reference:
When do you start repaying?
The earliest you’ll start repaying is either:

  • The April after you leave your course
  • The April 4 years after the course started, if you’re studying part-time
You only make repayments if you earn more than the salary threshold for your loan plan. This means your repayments automatically stop if either:

  • You stop working
  • Your income goes below the threshold
  • You repay your student loan balance
  • Your student loan balance is written off
Reference: https://www.gov.uk/repaying-your-student-loan
What are Plan 1 Loans?
Plan 1 Loans are a type of UK student loan. You’re on Plan 1 if you’re:

  • An English or Welsh student who started an undergraduate course anywhere in the UK before 1 September 2012
  • A Northern Irish student who started an undergraduate or postgraduate course anywhere in the UK on or after 1 September 1998. Northern Ireland still uses Plan 1 loans.
  • An EU student who started an undergraduate course in England or Wales on or after 1 September 1998, but before 1 September 2012
  • An EU student who started an undergraduate or postgraduate course in Northern Ireland on or after 1 September 1998
Reference: https://www.gov.uk/repaying-your-student-loan
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This calculator is built and maintained by a solo developer and offered completely free. If you find it useful, consider supporting the project or sharing your feedback to help improve it.

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Disclaimer : This tool does not constitute financial advice. We do not recommend taking actions based on the results of this tool; always do your own research first, and check a trusted source such as the UK Government website. Note that the tool makes many assumptions and so the results could be inaccurate; for example, Government policy could change and so the assumptions in the tool may become outdated. You use the information at your own risk and we can't accept liability if things go wrong.