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Student Loan Calculator UK

Calculate your lifetime repayment with detailed projections • Updated for 2025

£
£
Free calculator
No registration
2025 thresholds
All UK plans
Disclaimer: This tool does not constitute financial advice. We do not recommend taking actions based solely on these results. The calculator makes assumptions and results may be inaccurate due to changes in government policy, interest rates, or personal circumstances. You use this information at your own risk. We can't guarantee to be perfect, so do note you use the information at your own risk and we can't accept liability if things go wrong. For official guidance, visit Gov UK.
LOAN TOOLS

Our Most Popular Calculators

Quick, accurate tools to help you understand your student loan commitments

Most Popular
Plan 5 Calculator
For students starting from 2023 in England & Wales. Calculate your monthly repayments and total loan cost.
Popular
Write-off Calculator
Find out when your student loan will be written off based on your plan, graduation year, and tuition.
Income Comparison
Compare your take home pay with different student loans to see how each plan impacts your monthly income.
Invest or Repay?
Should you invest your money or make voluntary student loan repayments? This calculator helps you decide the optimal strategy.
PLAN-BASED CALCULATORS

Student loan calculators by repayment plan

Choose your loan plan to see personalised repayment estimates based on current thresholds and rates.

Plan 1 Calculator
For pre-2012 students in England & Wales, and Northern Ireland students.
Plan 2 Calculator
For students who started 2012-2023 in England & Wales.
Plan 4 Calculator
For Scottish students, calculate repayments based on Plan 4 thresholds.
Plan 5 Calculator
For students starting from 2023 in England & Wales.
Postgraduate Loan Calculator
Calculate repayments for postgraduate loans with 6% repayment rate.
Combined Loans Calculator
Have multiple student loans? Calculate all repayments.
EXPERT GUIDES

Learn How Student Loans Really Work

Expert guides to help you navigate the complexities of UK student loans

Comparison Guide

How Student Loans Work

A comprehensive guide to understanding the UK student loan system, including repayment methods, interest calculations, and long-term implications.

Financial Planning

Student Loans and Mortgages

How do student loans affect your ability to get a mortgage? Learn what lenders consider and how you can apply.

Investment Strategy

Investing vs Loan Repayment

Should you invest your money or make voluntary student loan repayments? This guide helps you decide.

PLAN BY PLAN COMPARISON

Compare Different Student Loan Plans

See how different loan plans stack up for your career path and income level

P2
VS
P5
Plan 2 vs Plan 5
Compare Plan 2 and Plan 5 student loans side-by-side and see which is more costly for your career path.
P5
VS
PG
Undergraduate vs Postgraduate
Compare undergraduate Plan 5 and postgraduate loans side-by-side and see which is more costly for your career path.
£50k
Loans on £50k Salary
See how much you'll repay as a higher earner on a £50,000 salary with detailed repayment breakdowns.

Popular Calculators

Choose the calculator that matches your student loan plan or specific need

Plan 2 Calculator

For students who started university between 2012-2023 in England & Wales

Calculate Plan 2 Loan

Compare Plans

See monthly payments across all loan types based on your salary

Compare Monthly Payments

Total Cost Calculator

Estimate the lifetime cost of your student loan and see if you'll repay it in full

Calculate Total Cost
View All Calculators

Why Use Our Calculators?

Our calculators are designed to help you make informed decisions about your student loans

Accurate Calculations

Our calculators use up-to-date thresholds, interest rates, and repayment rules for all UK student loan plans.

Easy to Understand

Clear explanations and visualizations help you grasp the long-term impact of your student loans on your finances.

Completely Free

All our calculators are free to use, with no registration required or hidden fees.

Frequently Asked Questions

Get quick answers to common questions about UK student loans

Basics of Student Loans

A UK student loan is government-funded support covering Tuition fees and Maintenance loans for eligible students. You start repaying once your income exceeds a plan-specific threshold, with any remaining balance written off after the term ends.
You begin repayments in April after you leave or graduate, provided your annual income exceeds the repayment threshold for your plan. Until then, no repayments are required.
Repayments are a fixed percentage of income above the threshold: usually 9% for undergraduate plans and 6% for postgraduate plans. The exact amount depends on your plan type.

Repayments, Interest & Financial Impact

Interest rates depend on your plan. Some use the lower of RPI or Bank Rate + 1%, while others apply RPI plus a real rate up to +3%. Rates vary by plan and may change annually.
You can make voluntary overpayments, but it's often not financially beneficial since remaining balances may be written off. Evaluate whether the money would be better invested instead.
Student loans don't appear on credit files, so they don't directly affect credit scores. However, repayments reduce disposable income, which lenders consider when assessing affordability.

Special Circumstances & Loan Plans

If you move overseas, you must inform the loan body and complete an income assessment. Repayments may still apply based on overseas thresholds. Income drops or unemployment can pause repayments.
Self-employed borrowers repay through Self Assessment tax returns based on their annual income above the threshold, rather than through automatic payroll deductions.
There are several plans (Plan 1, 2, 4, 5, postgraduate), each with distinct thresholds, write-off periods, and interest calculations depending on when and where you studied.

Using the Calculator Tool & Making Decisions

The calculator estimates monthly repayments, total cost, and write-off timing based on current thresholds and rates, helping you compare plans and plan your finances effectively.
Choosing to invest or overpay depends on salary, plan type, interest rate, earnings growth, and risk tolerance. For many borrowers, investing can yield better long-term results.
The calculator provides estimates using current rules and rates, but can't account for future income changes or government policy updates. Treat results as guidance, not guarantees.
View All FAQs

Expert Insights

Get advice from financial experts and student loan specialists

Student Finance Expert

Specializing in UK student loan regulations and repayment strategies

Financial Advisor

Helping graduates make smart financial decisions about their student loans

Data Analyst

Providing insights into student loan trends and repayment patterns

Helpful Guides

Learn more about how UK student loans work

How UK Student Loans Work

Understanding UK Student Loans

Learn about the different loan plans, how repayments work, and what happens after graduation.

Read the Guide
Overpayment Strategy

Should You Overpay Your Student Loan?

Explore whether making voluntary overpayments makes financial sense based on your circumstances.

Read the Guide
Browse All Guides
TRUSTED BY THOUSANDS

Why Trust Our Calculators

Backed by research, built with clarity, loved by thousands of UK students

"The loan comparison calculator helped me understand exactly how Plan 5 would affect my future finances compared to Plan 2. I was able to make an informed decision about my postgraduate studies thanks to these tools."

JD

James Davies

MSc Student, University of Manchester

Trusted by Students

Thousands of UK students rely on our calculators to plan their finances and understand their loan repayments.

Data Transparency

Our calculators use the latest official data from Student Finance England, Student Loans Company, and HMRC.

UK-Specific

Built specifically for UK student loans, with attention to the unique rules and thresholds for each nation.

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