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Student Loan Repayment Calculator

Compare UK Plans 1, 2 & 5 side-by-side. Figures update as you type.

GBP · Live calculation
Monthly repaymentplaceholder
£5.29
Loan balance£45,000
Total repaid£46,194
Written off£295,045
Peak balance£295,045
Repayment plan
Threshold £27,295/yr · write-off after 30 years
Starting balance
£500£25k£50k£75k£100k
Annual incomegross salary
£0£25k£50k£75k£100k
Annual pay riseaverage
0%2.5%5%7.5%10%
Interest rateannual %
0%3.75%7.5%11.25%15%
Extra monthly paymentoptional
£0£250£500£750£1k
Add extra payments to see their impact
Monthly repaymentplaceholder
£22.50
Loan balance£45,000
Total repaid£100,011
Written off£61,937
Peak balance£78,819
Repayment plan
Threshold £25,000/yr · write-off after 40 years
Starting balance
£500£25k£50k£75k£100k
Annual incomegross salary
£0£25k£50k£75k£100k
Annual pay riseaverage
0%2.5%5%7.5%10%
Interest rateannual %
0%3.75%7.5%11.25%15%
Extra monthly paymentoptional
£0£250£500£750£1k
Add extra payments to see their impact
Monthly payment difference+£17Plan 5 vs Plan 2 (today)
Total repaid difference+£53,818cash out of pocket
Write-off balance difference−£233,108amount wiped at term end
Lower monthly repaymentPlan 2Saves £17/mo

Loan balance over time

Plan 2Plan 5Write-off
£0£74k£148k£221k£295kNow10y20y30y40y

Total repayment breakdown

14%cash paid
Plan 2
£46,194
Originally borrowed£45,000
Total repaid in cash£46,194
Written off after 30 yrs£295,045
Net interest cost+£1,194
62%cash paid
Plan 5
£100,011
Originally borrowed£45,000
Total repaid in cash£100,011
Written off after 40 yrs£61,937
Net interest cost+£55,011

Estimates are for illustration only and assume income grows at a constant annual rate with a fixed interest rate. Real repayments depend on your actual salary each April, the current threshold (reviewed annually), and the prevailing interest rate for your plan. Plan 1 rate is the lower of RPI or Bank of England base rate + 1%. Plan 2 rate is RPI + 0–3% (graduated by income). Plan 5 rate is RPI only. These figures are not financial advice. Check gov.uk for the latest rates and thresholds.