Student Loan Calculator
Calculate your student loan repayment based on your income
Enter Your Details
Repayment threshold: £27,660 per year
Used to estimate repayment timeline (rough estimate - doesn't account for exact interest)
Plan 2 (post-2012 loans). Repay 9% of earnings above £27,660 per year. Interest applied. Loans written off 30 years after graduation or age 65.
Annual Repayment
£210.6
9.00% of earnings above threshold
Monthly Repayment
£17.55
per month
Weekly Repayment
£4.05
per week
Repayment Calculation
Estimated Repayment Timeline
At current repayment rate: approximately 284 years 11 months
(Note: This is a rough estimate. Plan 2 loans accrue interest, which affects actual repayment timeline. Loans are written off after 30 years.)
What This Means for Your Budget
Monthly deduction: £17.55 (0.70% of your income)
Deducted from: Your payslip via PAYE (automatically deducted by your employer)
Important: This calculator shows current repayment rates. Student loan repayments automatically stop if your income drops below the threshold. If you believe this calculation is incorrect, contact the Student Loans Company for an assessment.
How to Use
Select your student loan type and enter your annual income to see your repayment amount. Repayments are automatically deducted from your salary by your employer.
Student Loan Types
Plan 1 Loans (Pre-2012)
- Repayment threshold: £20,195 per year
- Repayment rate: 9% of earnings above threshold
- Loans written off 25 years after graduation
- No interest charged
Plan 2 Loans (Post-2012)
- Repayment threshold: £27,660 per year
- Repayment rate: 9% of earnings above threshold
- Loans written off 30 years after graduation or at age 65
- Interest charged (varies with RPI)
Postgraduate Loans
- Repayment threshold: £21,000 per year
- Repayment rate: 6% of earnings above threshold
- 30-year repayment period
- Interest charged at RPI + 3%
Key Points
- Student loan repayments are deducted from your gross pay (before tax)
- If your income drops below the threshold, repayments automatically stop
- You can make voluntary overpayments at any time
- Contact the Student Loans Company if you believe your repayment is incorrect
- Repayments are separate from tax and national insurance
Important: This calculator provides estimates based on 2025/26 rates. Actual repayments may vary slightly. Check your payslip to verify amounts, or contact the Student Loans Company for official information.