Model your entire career trajectory and see exactly how salary progression affects your lifetime student loan repayments. Compare different career paths and discover whether you'll repay in full or benefit from write-off.
Based on your projected career path, you will NOT fully repay your loan before the 30-year write-off.
Total repayment: £38,759 (86.1% of original loan)
Write-off amount: £124,285
Never make voluntary overpayments - you would be reducing your write-off benefit!
Typical graduate starting salary
Age when loan repayments begin
Total undergraduate loan including interest
Steady growth plateauing around £45k
9% above threshold
Average interest rate over repayment period
You'll benefit from £124,285 write-off. Never make voluntary overpayments as you'd just be reducing this benefit.
Since you won't repay in full, your total loan balance is irrelevant. Borrow what you need without worrying about the final amount.
Direct extra money to ISAs, pensions, house deposits, or emergency funds instead of student loan overpayments.
Try different patterns:
Compare how different career trajectories affect your lifetime repayment. The difference can be tens of thousands of pounds.
Account for career breaks:
Remember that time out for family, study, or career changes reduces repayments. Your projection assumes continuous work.
Consider location:
London salaries are typically 15-30% higher than other UK regions, which significantly impacts repayment outcomes.
Review regularly:
Your actual career may differ from projections. Review your situation every few years as your path becomes clearer.
Understanding your career trajectory helps you make better financial decisions about student loans, investing, and long-term planning.