Student Loan Calculator UK
Use this student loan repayment calculator to see what you will pay back on a UK student loan. Enter your salary and plan to get your monthly repayment, the total you will repay, and the date your loan is paid off or written off. It covers Plan 1, 2, 4 and 5 and Postgraduate Loans.
Example: £35,000 salary, Plan 2, £45,000 balance. Enter your own numbers.
£42.11a month
At this salary you would repay £42.11 a month. Your Plan 2 loan would be written off in April 2052, with £88,722 still owed and never repaid.
Written off: April 2052 (£88,722 still owed is cancelled)
Show the working
How this is worked out
(£35,000 − £29,385) × 9% ÷ 12 = £42.11
Plan 2 threshold for 2026-27 (frozen by announced policy). Interest in 2026-27: 4.82%.
Outcome: written off
Wiped
£88,722 written off in April 2052 — £41,140 in today's money.
You repay £29,218 of the £117,940 the debt grows to: 25% of it.
Your student loan results
The cash you will actually hand over, in the pounds of the year you pay it.
Monthly repayment
£42.11
£505 a year in 2026-27
Total you'll repay
£29,218
worth £19,001 today
Written off
April 2052
£88,722 still owed is cancelled
Total interest added
£72,940
part of it is written off with the balance
What this means
You repay 9% of everything you earn above £29,385 (Plan 2, 2026-27). A pay rise raises the amount; a bigger balance does not.
You would repay £29,218 in total, then £88,722 is cancelled in April 2052. Extra payments do not save you money unless they clear the loan before then.
Next step
- Compare the student loan plansYour plan sets your threshold, interest and write-off date.
- Check your write-off dateEnter your plan and course end year to get the month your balance is cancelled.
- See when your next payment arrivesDates follow your university's term start, so check the schedule for your term.
- The income at which repayments startA plan-by-plan table of the income above which you start repaying.
- Student loan interest rates by planShows the current rate for each plan and how it is set.
Balance and total repaid over time
Cash amounts, by tax year. The balance falls to zero when it is paid off or written off.
Key dates and figures
- Balance today
- £45,000
- Share of the debt you repay
- 25%
- Repayments started
- April 2022
- Write-off date
- April 2052
- Plan 2 threshold (2026-27)
- £29,385frozen
- Salary in 2051-52, the last repayment year
- £64,888
Rates, assumptions and sources
Every figure below is the 2026-27 published figure, read from this site's single source of truth at page-render time[source]. The 6% Plan 2 and Postgraduate interest cap covers the 2026/27 year only and is not assumed to continue[source].
| Plan | Threshold | Rate | Interest | Written off | Threshold freeze |
|---|---|---|---|---|---|
| Plan 2 | £29,385[source] | 9% | 4.1% to 7.1% by income, capped at 6% for 2026-27[source] | 30 years[source] | Frozen at £29,385 until April 2030 |
Write-off is counted from the April after the course ends, not from the course-end date itself, and the Plan 2 interest bands (£29,385 lower, £52,885 upper) are frozen alongside the Plan 2 repayment threshold.
This calculator also assumes
- Your salary growth
- 2.5% a year
- Threshold uprating once the freeze ends
- 2.0% a year
- RPI beyond the current rate period
- 3.0% (assumption)
- Inflation used for today's-money figures
- 3.0% a year
- Plan 2: repayments start
- April 2022 (the April after the course ends)
- Plan 2: write-off
- April 2052 (30 years later)
Growth, inflation and long-run interest figures are assumptions, not published rates. Change them and the projection changes.
Figures checked against GOV.UK on 16 October 2026. Checked by the Student Loan Calculator UK team under our editorial policy.
Important: these are estimates for illustration, based on current UK rules, your inputs and the assumptions above. Your real repayments may differ if policy, interest rates, your pay or your circumstances change. Plan 2 interest slides with income between RPI and RPI plus 3%; Plan 1, Plan 4 and Plan 5 interest does not depend on income. This is not financial advice. For your own figures, check your account with the Student Loans Company or speak to a qualified financial adviser.
Estimates only, not financial advice. Figures for the 2026-27 tax year, from gov.uk. See our methodology for how the projection works.
Student loan repayments at common salaries, 2026/27
You repay 9% of your pay above your plan's threshold. On a Postgraduate Loan you repay 6% above £21,000. The table shows the monthly deduction before tax for each plan in 2026-27. Your employer takes it through PAYE. If your pay is below the threshold, you pay nothing.
| Salary a year | Plan 1 | Plan 2 | Plan 4 | Plan 5 | Postgraduate Loan (Plan 3) |
|---|---|---|---|---|---|
| £25,000 | £0.00 | £0.00 | £0.00 | £0.00 | £20.00 |
| £30,000 | £23.25 | £4.61 | £0.00 | £37.50 | £45.00 |
| £35,000 | £60.75 | £42.11 | £9.04 | £75.00 | £70.00 |
| £40,000 | £98.25 | £79.61 | £46.54 | £112.50 | £95.00 |
| £50,000 | £173.25 | £154.61 | £121.54 | £187.50 | £145.00 |
| £60,000 | £248.25 | £229.61 | £196.54 | £262.50 | £195.00 |
Paid weekly or with overtime? Your employer uses the weekly or monthly threshold for each payday. See the annual, monthly and weekly thresholds, or compare repayments at different salaries.
How student loan repayments are worked out
You repay 9% of your income above your plan's threshold, or 6% on a Postgraduate Loan. Income means your pay before tax, including bonuses and overtime. Below the threshold you repay nothing. What you owe does not change your monthly repayment. It only changes how long you keep paying.
For example, on Plan 2 with a salary of £30,000 you repay 9% of £615, the part above £29,385. That is £55.35 a year, or about £4.61 a month.
| Plan | Who is on it | Threshold 2026-27 | You repay | Interest now | Written off |
|---|---|---|---|---|---|
| Plan 1 | England or Wales before September 2012; all Northern Ireland loans | £26,900 a year£2,241 a month | 9% above it | 4.1% | After 25 yearsor at 65 if your first loan was paid before September 2006 |
| Plan 2 | England September 2012 to July 2023; Wales from September 2012 | £29,385 a year£2,448 a month | 9% above it | 4.1% to 6%, by income | After 30 years |
| Plan 4 | Scotland | £33,795 a year£2,816 a month | 9% above it | 4.1% | After 30 yearsor at 65 if sooner, for a first loan paid before August 2007 |
| Plan 5 | England from August 2023 | £25,000 a year£2,083 a month | 9% above it | 4.1% | After 40 years |
| Postgraduate Loan (Plan 3) | Master's or Doctoral Loan from England or Wales | £21,000 a year£1,750 a month | 6% above it | 6% | After 30 years |
Plan 2 interest by income, 2026/27
| Your income | Interest rate |
|---|---|
| £29,385 or less | 4.1% (RPI) |
| Between £29,385 and £52,885 | Rises from 4.1% towards 7.1%, capped at 6% |
| £52,885 or more | 6% (would be 7.1% without the cap) |
Plan 2 interest depends on your income. On £29,385 or less it is 4.1%. From £52,885 it would be 7.1%, but the 6% cap applies for 2026-27. The cap is reached at about £44,268, so anyone earning more than that is charged the same rate. Rates for every plan are in our guide to student loan interest rates.
The write-off clock starts in the April after your course ends. The Plan 2 threshold is frozen at £29,385 until April 2030, and the Plan 5 threshold at £25,000 until April 2027. The calculator above includes both freezes. Plan 2 and Postgraduate interest is capped at 6% for 2026-27. Source: Repaying your student loan on gov.uk.
Will you pay it off? Total repaid by salary
Most people do not repay their student loan in full. What you repay depends on your salary, not your balance. Low earners repay little and the rest is written off after 30 years on Plan 2 or 40 years on Plan 5. High earners clear the loan early, so they pay less interest. People in the middle repay the most.
Filled dot: loan cleared. Hollow dot: balance written off.
| Salary | Plan 2 | Plan 5 |
|---|---|---|
| £25,000 | £207Written off Apr 2052 | £13,150Written off Apr 2067 |
| £27,500 | £5,232Written off Apr 2052 | £28,199Written off Apr 2067 |
| £30,000 | £13,013Written off Apr 2052 | £43,364Written off Apr 2067 |
| £32,500 | £21,115Written off Apr 2052 | £58,530Written off Apr 2067 |
| £35,000 | £29,218Written off Apr 2052 | £73,695Written off Apr 2067 |
| £37,500 | £37,321Written off Apr 2052 | £88,861Written off Apr 2067 |
| £40,000 | £45,423Written off Apr 2052 | £83,622Cleared Jun 2062 |
| £42,500 | £53,526Written off Apr 2052 | £76,961Cleared Nov 2057 |
| £45,000 | £61,629Written off Apr 2052 | £72,248Cleared Apr 2054 |
| £47,500 | £69,731Written off Apr 2052 | £68,761Cleared May 2051 |
| £50,000 | £77,834Written off Apr 2052 | £66,090Cleared Jan 2049 |
| £52,500 | £85,937Written off Apr 2052 | £63,983Cleared Feb 2047 |
| £55,000 | £94,039Written off Apr 2052 | £62,283Cleared Jun 2045 |
| £57,500 | £93,780Cleared Oct 2050 | £60,885Cleared Jan 2044 |
| £60,000 | £86,667Cleared Mar 2048 | £59,715Cleared Nov 2042 |
| £62,500 | £81,348Cleared Jan 2046 | £58,723Cleared Nov 2041 |
| £65,000 | £77,223Cleared Apr 2044 | £57,872Cleared Dec 2040 |
| £67,500 | £73,932Cleared Nov 2042 | £57,134Cleared Feb 2040 |
| £70,000 | £71,248Cleared Aug 2041 | £56,488Cleared May 2039 |
| £72,500 | £69,018Cleared Jul 2040 | £55,918Cleared Oct 2038 |
| £75,000 | £67,135Cleared Aug 2039 | £55,411Cleared Mar 2038 |
| £77,500 | £65,525Cleared Oct 2038 | £54,959Cleared Aug 2037 |
| £80,000 | £64,133Cleared Feb 2038 | £54,551Cleared Mar 2037 |
| £82,500 | £62,918Cleared Jun 2037 | £54,183Cleared Sep 2036 |
| £85,000 | £61,848Cleared Nov 2036 | £53,849Cleared May 2036 |
| £87,500 | £60,898Cleared May 2036 | £53,543Cleared Dec 2035 |
| £90,000 | £60,050Cleared Nov 2035 | £53,264Cleared Aug 2035 |
| £92,500 | £59,288Cleared Jun 2035 | £53,007Cleared Apr 2035 |
| £95,000 | £58,599Cleared Jan 2035 | £52,770Cleared Jan 2035 |
| £97,500 | £57,974Cleared Sep 2034 | £52,550Cleared Oct 2034 |
| £100,000 | £57,404Cleared May 2034 | £52,347Cleared Jul 2034 |
- Plan 2 costs most at about £55,000
- £94,039
- repaid in total, in cash
- Plan 5 costs most at about £37,500
- £88,861
- repaid in total, in cash
- On Plan 2 below about £57,500
- Written off
- the balance is written off before you clear it
Your numbers will differ. Put your own salary and balance into the calculator above. To see only the date your balance is cancelled, use the loan write-off checker. For the lifetime cost including interest, try the total loan cost calculator.
Which student loan calculator do you need?
The calculator above gives the full picture, from your monthly repayment to your write-off date. If you have one specific question, these tools each answer one of them.
You want to check what comes off your payslip.
monthly student loan deduction calculatorShows how much student loan you should be paying each month at your salary on any plan: 9% of pay above the threshold, 6% on a Postgraduate Loan.
You have not started university yet.
student finance calculatorYour tuition fee loan plus means-tested maintenance loan, and what the whole package costs to repay.
You want the living-cost loan only.
maintenance loan calculatorYour maintenance loan from household income and whether you live at home, away, or in London.
You want to know when the balance is cancelled.
loan write-off checkerThe month your remaining balance is written off, whatever you have repaid by then.
You have a Master's or Doctoral loan.
postgraduate loan calculator6% above £21,000, taken on top of any undergraduate plan you also hold.
You have just finished your course.
repayment start date calculatorWhen you start paying back student loans after you finish or leave, and what the first deduction will be.
You want the lifetime total, not the monthly figure.
total loan cost calculatorWhat the whole loan costs you before it is written off, including interest.
Not sure which plan you are on? Read what student loan plan am I on, or go straight to the rules for Plan 1, Plan 2, student loan Plan 4 (Scotland) and Plan 5. Every other tool is in the calculator directory.
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Should you pay extra off your student loan?
Extra payments only save you money if you would clear the loan before it is written off. You cannot get them refunded.
| Your projection | What extra payments do | Example (£45,000 Plan 2) |
|---|---|---|
| Written off with a balance left | Add to what you pay. They save nothing | £35,000 salary: about £88,722 written off in April 2052 |
| Close to clearing | They might help. Test it in the calculator | £55,000 to £60,000 salary |
| Cleared long before write-off | They cut the interest you pay | £80,000 salary: cleared February 2038 |
Enter an amount in "Extra monthly payment" above, or use the overpayment calculator. Our guide should you overpay your student loan? covers the trade-offs, and you can compare investing with overpaying.
Student loan repayment questions
You repay 9% of your income above your plan's threshold, or 6% above £21,000 on a Postgraduate Loan. For 2026-27 the yearly thresholds are £26,900 for Plan 1, £29,385 for Plan 2, £33,795 for Plan 4 and £25,000 for Plan 5. On Plan 2 with a salary of £30,000, that is about £4.61 a month.
The earliest is the April after you finish or leave your course, and only if your income is over your plan's threshold. If you earn less than the threshold, nothing is taken.
No. Your monthly repayment depends only on your income. Your balance decides how long you keep paying, and whether you clear the loan before it is written off.
Only Plan 1 is written off after 25 years. The period depends on your plan, counted from the April you were first due to repay. Plan 1 is written off after 25 years (or at 65 if your first loan was paid before September 2006). Plan 2 and Plan 4 are written off after 30 years (some older Scottish loans end sooner, at 65), Plan 5 after 40 years, and a Postgraduate Loan after 30 years.
Right now Plan 1, Plan 4 and Plan 5 are charged 4.1%. Plan 2 is charged 4.1% to 6% depending on your income, and a Postgraduate Loan 6%, both under a 6% cap. Interest is added even when you earn below the threshold.
You repay both at the same time: 6% of your income above £21,000 for the Postgraduate Loan, plus 9% above your undergraduate plan's threshold. Tick "I also have a Postgraduate Loan" in the calculator to see both.
Only if you expect to clear the loan before it is written off. If it will be written off anyway, extra payments add to what you pay rather than saving you money, and you cannot get them refunded. Enter an extra monthly payment in the calculator to compare the two.
Sign in to your Student Loans Company repayment account: your balance and plan are on the home screen and on every annual statement. If you do not know it, the calculator still works from salary and plan alone, and our guide on how to check your student loan balance shows every way to find it.
Student loans do not appear on credit reports and do not affect your credit score. Lenders may still count your repayments when they check what you can afford, for example for a mortgage.
HMRC works out what you owe from your Self Assessment tax return, and you pay it at the same time as your tax.
Tell the Student Loans Company if you leave the UK for more than 3 months. You keep repaying, using a threshold set for the country you live in, unless you can show your income is below it.
It uses the published 2026-27 thresholds and interest rates, and the announced Plan 2 and Plan 5 threshold freezes. Anything further ahead, such as your pay rises and future RPI, is an assumption you can change under More settings. Treat the results as estimates, not financial advice.
If terms like RPI, threshold or write-off are unfamiliar, our student loan glossary explains them in plain English. More answers are on the student loan FAQs page.
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