UK Student Loan Repayment Calculator 2025/26
Enter your salary and loan balance to calculate your monthly repayment, total cost, and years to repay. Updated for 2025/26 thresholds and interest rates across all plan types.
How student loan repayment works
Student loan repayments are taken automatically from your salary by your employer. You repay 9% (or 6% for Postgraduate loans) of everything you earn above your plan's threshold. If your salary drops below the threshold, repayments stop automatically.
2025/26 repayment thresholds
| Plan | Threshold | Rate | Interest | Write-off |
|---|---|---|---|---|
| Plan 1 (pre-2012) | £24,990 | 9% | 4.3% | Age 65 |
| Plan 2 (post-2012) | £27,295 | 9% | Up to 7.3% | 30 years |
| Plan 4 (Scotland) | £31,395 | 9% | 4.3% | Age 65 |
| Plan 5 (post-2023) | £25,000 | 9% | RPI only (~3.3%) | 40 years |
| Postgraduate | £21,000 | 6% | 7.3% | 30 years |
Which plan am I on?
Your plan depends on when and where you studied. Plan 1 covers loans taken out before September 2012 in England/Wales or any time in Northern Ireland. Plan 2 covers loans from September 2012 onwards in England/Wales. Plan 4 is for Scottish students. Plan 5 applies to courses starting from August 2023 in England. Check your payslip or the Student Loans Company website.
Should I repay my student loan early?
This depends on whether you will fully repay your loan before it is written off. If your balance will be written off (meaning you pay back less than you borrowed), early repayment costs you money. If you will fully repay, early repayment saves you interest. Use the calculator to check your specific situation.
Plan 2 interest rates explained
Plan 2 interest rates vary with income. Below £27,295, you pay RPI only. Between £27,295 and £49,130, the rate scales from RPI to RPI+3%. Above £49,130, you pay the maximum of RPI+3% (currently 7.3%). The rate shown in the calculator defaults to the maximum — adjust it if your salary is below £49,130.
Quick lookups by salary
Related calculators
- See your full take-home pay after tax, NI, and student loan repayments combined.
- Salary sacrifice can reduce your student loan repayments — see how much you could save.
- Understand how National Insurance is deducted alongside your student loan repayment.
- Pension contributions reduce your income for student loan purposes — calculate the double saving.
- Check your tax code to make sure your student loan plan is being applied correctly.
Auto-filled based on plan. Override if you know your exact rate.
Monthly repayment
Interest & progress
Repayment summary
Year-by-year schedule
| Year | Balance | Interest | Payment | Remaining |
|---|---|---|---|---|
| 1 | £45,000 | £3,285 | £693 | £47,592 |
| 2 | £47,592 | £3,474 | £693 | £50,372 |
| 3 | £50,372 | £3,677 | £693 | £53,356 |
| 4 | £53,356 | £3,895 | £693 | £56,558 |
| 5 | £56,558 | £4,129 | £693 | £59,993 |
| 6 | £59,993 | £4,379 | £693 | £63,679 |
| 7 | £63,679 | £4,649 | £693 | £67,634 |
| 8 | £67,634 | £4,937 | £693 | £71,878 |
| 9 | £71,878 | £5,247 | £693 | £76,431 |
| 10 | £76,431 | £5,579 | £693 | £81,317 |
| 11 | £81,317 | £5,936 | £693 | £86,560 |
| 12 | £86,560 | £6,319 | £693 | £92,186 |
| 13 | £92,186 | £6,730 | £693 | £98,222 |
| 14 | £98,222 | £7,170 | £693 | £104,698 |
| 15 | £104,698 | £7,643 | £693 | £111,648 |
| ...15 more years | ||||