Calculate your student loan repayments and maintenance loan entitlement for UK universities
You repay 9% of income above £27,295 per year. Loans are written off after 30 years.
Repayment threshold: £27,295
Maximum £9,250/year for most courses (£9,000 for Plan 2)
Living costs loan (use maintenance calculator to estimate)
Total Loan Amount
£37,750
Tuition: £27,750 + Maintenance: £10,000
Monthly Repayment
£20
9% of income above threshold
Annual Repayment
£243
Total to be Repaid
£7,304
Over the life of the loan
Total Interest Paid
£329,453
@ 7.8% annual
Expected Write-Off Date
Apr 2051
Remaining balance written off after 30 years
| Plan | Threshold | Rate | Write-Off |
|---|---|---|---|
| Plan 1 | £22,015 | 9% | 25 years |
| Plan 2 | £27,295 | 9% | 30 years |
| Plan 4 | £31,395 | 9% | 30 years |
| Plan 5 | £25,000 | 9% | 40 years |
You only start repaying your student loan when you earn above the repayment threshold for your plan. Repayments are automatically deducted from your salary through PAYE if you're employed, or paid through Self Assessment if you're self-employed.
If you're on Plan 2 and earn £35,000 per year:
Plan 1
Started studying before September 2012 in England or Wales, or studied in Northern Ireland
Plan 2
Started studying between September 2012 and July 2023 in England or Wales
Plan 4
Studied in Scotland
Plan 5
Started studying from September 2023 onwards in England or Wales
Use our specialized calculators for detailed analysis of overpayments, specific loan plans, and repayment strategies.
For most people, overpaying isn't financially beneficial. Student loans are written off after 25-40 years, and most graduates won't repay the full amount. The money is often better used for savings, pension contributions, or paying off higher-interest debts. Only consider overpaying if you're certain you'll repay the full loan amount and want to save on interest.
You must continue making repayments if you live abroad. You'll need to notify Student Finance of your move and provide evidence of your income. Repayment thresholds may differ based on the country you're living in. Failure to update your details or make payments can result in your loan being passed to a debt collection agency.
Student loans don't appear on your credit report and won't directly affect your credit score. However, when applying for a mortgage, lenders will consider your student loan repayments as part of your regular outgoings, which can affect how much you can borrow.
Yes, you can check your current loan balance, repayment history, and next payment date by logging into your account on the Student Loans Company website. You'll need your Customer Reference Number, which you can find on correspondence from the SLC.