Student Loan Calculator

About This Calculator

Our Student Loan Repayment Plan Calculator is designed to help you understand your loan repayment timeline and make informed financial decisions.

Features

All Loan Plans

Support for Plan 1, Plan 2, Postgraduate, and Plan 5 loans with accurate thresholds and interest rates.

Real-Time Calculations

Instant results as you enter your information with up-to-date UK rates and regulations.

Visual Charts

Interactive visualizations showing loan balance and payment breakdown over time.

Extra Payments

Calculate how additional payments accelerate payoff and reduce interest costs.

Scenario Planning

Compare multiple income scenarios to see the impact on your repayment plan.

Private Calculations

All calculations run in your browser with no data stored or transmitted.

Accuracy & Disclaimer

This calculator uses current UK student loan rules and rates (2024/25). However, government policies can change, and individual circumstances vary.

The calculator is designed to give you an approximate estimate of your repayment timeline and costs. For precise figures or professional advice:

Loan Plan Details

Plan 1

For loans taken out before September 2012. Fixed interest rate of 1.5%.

  • • Threshold: £20,195
  • • Repayment rate: 9%
  • • Write-off period: 30 years

Plan 2

For loans taken out from September 2012. RPI + up to 3% interest.

  • • Threshold: £31,604
  • • Repayment rate: 9%
  • • Write-off period: 40 years

Postgraduate Loan

For Master's degrees and postgraduate courses. RPI + 3% interest.

  • • Threshold: £21,000
  • • Repayment rate: 6%
  • • Write-off period: 10 years

Plan 5

New plan from 2023/24. RPI + 3% interest with updated thresholds.

  • • Threshold: £22,372
  • • Repayment rate: 9%
  • • Write-off period: 40 years

Questions?

This calculator is for educational and informational purposes. For accurate, personalized advice about your specific student loan, please consult: