Student Loan Repayment Calculator UK
Our free UK student loan calculator estimates your monthly repayments based on your Plan type (Plan 1, 2, 4, or 5) and current salary. See exactly how much you will repay each month and when your loan balance will be written off.
Monthly Repayment
£0.00
How UK Student Loan Repayments Are Calculated
This calculator estimates UK student loan repayments based on your Plan type and gross income. You only repay 9% of income above the repayment threshold (Plan 2: £27,295/year; Plan 5: £25,000/year). Formula: Monthly Repayment = (Annual Salary − Threshold) × 9% ÷ 12. If your salary is below the threshold, you repay nothing. The calculator also estimates the balance write-off date (25 years for Plan 2, 40 years for Plan 5).
Frequently Asked Questions
When do I start repaying my UK student loan?
You only begin repaying your student loan once your income exceeds the repayment threshold for your Plan type. For Plan 2 (England/Wales, post-2012 starters) the threshold is £27,295 per year. For Plan 5 (post-2023 starters) it is £25,000 per year. Repayments are automatically deducted from your salary via PAYE.
How much of my salary goes to student loan repayments?
You repay 9% of your income above the repayment threshold. For example, on a salary of £35,000 with a Plan 2 loan, you repay 9% of (£35,000 − £27,295) = 9% of £7,705 = approximately £693 per year, or about £57.75 per month. Repayments stop automatically when you earn below the threshold.
When is my UK student loan written off?
Plan 2 loans (taken out from 2012) are written off 30 years after your first April repayment date. Plan 5 loans (from 2023) are written off after 40 years. Plan 1 loans are written off at age 65 or 25 years after repayment starts, whichever comes first. Many graduates on Plan 2 and 5 will have their balance written off before full repayment.
Does my student loan affect my credit score in the UK?
No. UK student loans do not appear on your credit file and do not directly affect your credit score. However, mortgage lenders do consider student loan repayments as a committed expenditure when assessing affordability, which can reduce the amount you are able to borrow for a UK mortgage.
What happens to my student loan if I move abroad?
If you move abroad, you are still legally required to repay your UK student loan. The Student Loans Company (SLC) will contact you to arrange income-linked repayments based on earnings in your new country. Failing to notify the SLC can result in a fixed repayment amount being imposed, regardless of your actual income.