Student Loan Repayment Calculator UK
Use our Student Loan Repayment Calculator UK to quickly estimate how much you’ll repay based on your income. Whether you’re on Plan 1, Plan 2, Plan 4, or a Postgraduate Loan, this tool helps you understand your repayments clearly and instantly.
Simple, accurate, and designed for UK graduates.
What Is a Student Loan Repayment?
In the UK, student loan repayments are based on your income, not how much you borrowed. You only repay when your earnings exceed a certain threshold.
Repayments are automatically deducted through PAYE if you’re employed.
How to Use the Student Loan Repayment Calculator UK
Using the calculator is quick and easy:
- Enter your annual salary
- Select your loan plan (Plan 1, Plan 2, Plan 4, or Postgraduate)
- Click calculate
You’ll instantly see:
- Monthly repayment amount
- Annual repayment
- Income above the threshold
UK Student Loan Plans & Thresholds
Plan 1
- Threshold: £24,990/year
- Repayment: 9% of income above threshold
Plan 2
- Threshold: £27,295/year
- Repayment: 9% of income above threshold
Plan 4 (Scotland)
- Threshold: £31,395/year
- Repayment: 9% of income above threshold
Postgraduate Loan
- Threshold: £21,000/year
- Repayment: 6% of income above threshold
How Student Loan Repayments Are Calculated
Step 1: Find Income Above Threshold
Income – Threshold
Step 2: Apply Repayment Rate
- 9% for Plans 1, 2, and 4
- 6% for Postgraduate loans
Example Calculation
If you earn £35,000 on Plan 2:
- Threshold = £27,295
- Income above threshold = £7,705
- Repayment = £693/year (~£57/month)
Who Should Use This Tool?
This calculator is perfect for:
- University graduates
- Employees repaying student loans
- Self-employed individuals
- Anyone planning their finances
- Financial advisors and planners
When Do You Stop Repaying?
Your student loan is written off after a set period:
- Plan 1: After 25 years
- Plan 2: After 30 years
- Plan 4: After 30 years
- Postgraduate: After 30 years
Common Mistakes to Avoid
- Assuming repayments depend on total loan amount
- Forgetting thresholds change over time
- Not knowing your loan plan
- Overestimating monthly repayments
Our Student Loan Repayment Calculator UK helps you avoid these mistakes.
Plan Your Finances with Confidence
Understanding your repayments helps you:
- Budget effectively
- Plan savings and investments
- Avoid financial surprises
- Make informed career decisions
FAQs – Student Loan Repayment Calculator UK
How much do I repay on a student loan?
You repay a percentage of your income above the threshold, not a fixed amount.
Do I repay if I earn below the threshold?
No, repayments only start once your income exceeds the threshold.
Is repayment automatic?
Yes, for employees it is deducted through PAYE.
Does the loan ever get written off?
Yes, after 25–30 years depending on your plan.
Is this calculator accurate?
Yes, it provides a reliable estimate based on current UK thresholds and rates.
Join 5,000+ businesses comparing today