If you have a student loan in the UK, your repayments depend on which repayment plan you are on. Different plans have varying thresholds and repayment percentages. This Student Loan Repayment Calculator helps you estimate your annual and monthly repayments based on your income and loan plan.
To use the calculator:
- Enter your annual salary – Your gross income before deductions.
- Select your student loan plan – Choose from Plan 1, Plan 2, Plan 4, or Postgraduate Loan.
Examples:
- Example 1: You earn an annual salary of £35,000 and are on Plan 2:
- Annual Salary (£):
35000 - Loan Plan:
Plan 2 - The calculator will display your estimated annual and monthly student loan repayments.
- Annual Salary (£):
- Example 2: You earn £45,000 annually and have a Postgraduate Loan:
- Annual Salary (£):
45000 - Loan Plan:
Postgraduate - The calculator will show your estimated student loan repayment amounts.
- Annual Salary (£):
UK Student Loan Repayment Calculator
Important Information
- Repayment Thresholds: Each plan has a different repayment threshold and rate. Make sure you select the correct plan for accurate results.
- Multiple Loans: If you have multiple student loans (e.g., Plan 2 and Postgraduate Loan), you may need to calculate each loan separately and sum up the total.