£0
Annual Repayment
£0
Monthly Repayment
Loan Details
- Outstanding Balance: £0
- Interest Rate: 0%
- Repayment Threshold: £0
- Repayment Rate: 0%
Repayment Information
- Repayable Income: £0
- Years to Write-off: 0
- Total Interest: £0
- Total Repaid: £0
UK Student Loan Calculator
Calculate Plan 1 & Plan 2 student loan repayments
UK Student Loan Calculator
UK Student Loan Calculator: Your Guide to Education Financing
Understanding Student Loans in the UK
Student loans in the UK help students finance their education through government-backed schemes. Our UK Student Loan Calculator helps you estimate your repayments, understand interest rates, and plan your debt management strategy.
Key Features of UK Student Loans
- Plan 1, 2, and 4: Different loan plans with varying terms and conditions.
- Interest Rates: Vary by plan and may be linked to inflation or income.
- Repayment Threshold: Repayments start when your income reaches a certain level.
- Income-Based Repayments: Repayments are calculated as a percentage of your income.
- Debt Forgiveness: Remaining debt may be forgiven after a certain period.
How to Use This Calculator
Enter your loan amount, income, and repayment preferences to get an accurate estimate of your repayments. The calculator shows how interest affects your debt and the impact of different repayment strategies.
Tips for UK Students
- Understand which loan plan you're on and its specific terms.
- Check your repayment threshold and rate based on your income.
- Consider the impact of interest on your debt over time.
- Plan your repayments around your career goals and financial situation.
- Keep track of your loan balance and interest accrual.
Why Use Our Calculator?
- Accurate, up-to-date formulas for the UK
- Includes all major loan plans and features
- Helps you plan your debt management strategy
- Free, no registration required
Important Information:
Disclaimer: This calculator is provided for general information only and does not consider your personal circumstances, income history, or financial situation. It is not financial advice. You should review your Student Loans Company statement and seek independent professional advice before making any decisions.
* We are not a lender, loan servicer, or financial advisor. This calculator is for informational purposes only and does not constitute financial advice. Rates, thresholds, and charges are subject to change. Actual repayments may vary based on your specific circumstances and current regulations.
UK Student Loan Considerations: Repayments are automatically deducted through PAYE. Interest rates vary based on income and inflation. Repayment thresholds are updated annually. Loans are written off after 25-30 years depending on plan. Repayments stop if you earn below the threshold.
Plan-Specific Information: Plan 1: £22,015 threshold, 25-year write-off. Plan 2: £27,295 threshold, 30-year write-off. Both plans use 9% repayment rate above threshold. Interest rates are linked to RPI and income.
Important: All figures are estimates based on information you provide. Actual loan terms, rates, and thresholds will vary by individual circumstances. Always check with the Student Loans Company for your exact balance and repayment information.
* We are not a lender, loan servicer, or financial advisor. This calculator is for informational purposes only and does not constitute financial advice. Rates, thresholds, and charges are subject to change. Actual repayments may vary based on your specific circumstances and current regulations.
UK Student Loan Considerations: Repayments are automatically deducted through PAYE. Interest rates vary based on income and inflation. Repayment thresholds are updated annually. Loans are written off after 25-30 years depending on plan. Repayments stop if you earn below the threshold.
Plan-Specific Information: Plan 1: £22,015 threshold, 25-year write-off. Plan 2: £27,295 threshold, 30-year write-off. Both plans use 9% repayment rate above threshold. Interest rates are linked to RPI and income.
Important: All figures are estimates based on information you provide. Actual loan terms, rates, and thresholds will vary by individual circumstances. Always check with the Student Loans Company for your exact balance and repayment information.