Calculate Your Repayments
Monthly Repayment
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Total Repaid
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Total Interest
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Years to Repay / Write-Off
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Balance Over Time
Year-by-Year Breakdown
| Year | Salary | Repayment | Interest | Balance |
|---|
UK Student Loan Plans 2025/26
| Feature | Plan 1 | Plan 2 | Plan 4 | Plan 5 | Postgrad |
|---|---|---|---|---|---|
| Who | Pre-2012 E/W, NI | Post-2012 E/W | Scotland | From Aug 2023 | PG Master's/PhD |
| Threshold | £26,065 | £28,470 | £32,745 | £25,000 | £21,000 |
| Rate Above | 9% | 9% | 9% | 9% | 6% |
| Interest | RPI or BoE+1% | RPI to RPI+3% | RPI | RPI only | RPI+3% |
| Write-Off | 25 years | 30 years | 30 years | 40 years | 30 years |
Should You Overpay Your Student Loan?
For most Plan 2 borrowers, overpaying is not worthwhile. If your balance won't be repaid before the 30-year write-off, any extra payments are money you would never have had to pay anyway.
Overpaying may make sense if:
- You're on Plan 1 with a small remaining balance
- Your income is high enough that you'll repay in full before write-off
- You're near the end of your repayment term with a small balance
Use the calculator above with and without overpayments to compare total repayments.
Related Calculators
Frequently Asked Questions
Plan 1: England/Wales before Sep 2012, or any time in Northern Ireland. Plan 2: England/Wales from Sep 2012. Plan 4: Scotland. Plan 5: England starting from Aug 2023. Postgraduate: Master's or Doctoral loan in England/Wales. Check your Student Loans Company (SLC) account to confirm.
No. Repayments only start when your gross salary exceeds the threshold. If your income drops below the threshold (e.g. between jobs), repayments stop automatically. Interest still accrues on the balance though.
No. Student loans do not appear on your credit report and don't affect your credit score. However, lenders may consider student loan repayments when assessing mortgage affordability, as they reduce your disposable income.
You must still make repayments. SLC sets a repayment threshold based on the cost of living in your country of residence. You must report your income annually and make fixed monthly payments. Failure to do so can result in the full balance becoming immediately due.
Yes. If you have both an undergraduate and postgraduate loan, you repay both simultaneously: 9% above the undergrad threshold plus 6% above £21,000 for the PG loan. The deductions are calculated separately.
For Plan 2, interest can be RPI+3% (currently around 7.3%). This is higher than most savings rates, which is why many Plan 2 borrowers will never fully repay. However, unlike commercial debt, the loan is written off after 30 years and doesn't affect your credit score.