Student Loan Repayment Calculator

Project your UK student loan repayment timeline for Plan 1, 2, 4, 5 and Postgraduate loans. See how salary growth, interest, and the write-off period affect what you actually repay. Most borrowers don't repay in full — find out if you will.

Your Loan

Loan plan

Plan 1

England/Wales pre-Sept 2012, or Northern Ireland

Plan 2

England/Wales from Sept 2012 to July 2023

Plan 4

Scotland

Plan 5

England/Wales from Aug 2023 onwards

Postgraduate

Master's or Doctoral loan

Outstanding balance

Years until write-off

Your Income & Assumptions

Annual salary

Salary growth

%/yr

Interest rate

Repayment threshold£28,470

Repayment rate9% above threshold

Current monthly repayment£26

Monthly repayment

£26

£318/year at current salary

Years until write-off

Loan written off

Total you'll repay

£51,897

Including £219,404 interest

Amount written off

£212,508

Balance cancelled after write-off

Repayment Projection

Balance (blue) and annual repayment (green) over time

Year-by-Year Breakdown

Year	Salary	Interest	Repayment	Balance
1	£32,000	+£3,285	-£318	£47,967
2	£32,960	+£3,502	-£404	£51,065
3	£33,949	+£3,728	-£493	£54,299
4	£34,967	+£3,964	-£585	£57,679
5	£36,016	+£4,211	-£679	£61,210
6	£37,097	+£4,468	-£776	£64,902
7	£38,210	+£4,738	-£877	£68,763
8	£39,356	+£5,020	-£980	£72,803
9	£40,537	+£5,315	-£1,086	£77,032
10	£41,753	+£5,623	-£1,195	£81,460
11	£43,005	+£5,947	-£1,308	£86,098
12	£44,295	+£6,285	-£1,424	£90,959
13	£45,624	+£6,640	-£1,544	£96,055
14	£46,993	+£7,012	-£1,667	£101,400
15	£48,403	+£7,402	-£1,794	£107,008
16	£49,855	+£7,812	-£1,925	£112,895
17	£51,351	+£8,241	-£2,059	£119,077
18	£52,891	+£8,693	-£2,198	£125,572
19	£54,478	+£9,167	-£2,341	£132,398
20	£56,112	+£9,665	-£2,488	£139,575
21	£57,796	+£10,189	-£2,639	£147,125
22	£59,529	+£10,740	-£2,795	£155,069
23	£61,315	+£11,320	-£2,956	£163,433
24	£63,155	+£11,931	-£3,122	£172,242
25	£65,049	+£12,574	-£3,292	£181,524
26	£67,001	+£13,251	-£3,468	£191,307
27	£69,011	+£13,965	-£3,649	£201,624
28	£71,081	+£14,719	-£3,835	£212,508
Written off				-£212,508

Smart Tips

Your loan is likely to be written off with £212,508 remaining

At your current salary and growth trajectory, you'll repay £51,897 over 28 years before the remaining balance is written off. This is normal — most Plan 2 and Plan 5 borrowers don't fully repay.

GOV.UK: When your loan gets written off

Making voluntary repayments may not save you money

Since your loan is projected to be written off, any extra payments just reduce the amount written off — not the amount you actually pay. Those funds might be better invested elsewhere.

GOV.UK: Repaying early

Your loan balance is currently growing

At your current salary, interest (£3,285/year) exceeds repayments (£318/year). This is common in early career — as your salary grows, repayments will increase and eventually outpace interest.

GOV.UK: Student loan interest

Student loan interest rates change periodically

The interest rate used (7.3%) is an approximation. Actual rates are updated each September based on RPI inflation and (for some plans) the Bank of England base rate. Check the Student Loans Company for your current rate.

GOV.UK: Student loan interest