Student loan repayment calculator
See what your UK student loan actually costs you each month from your salary — Plan 1, 2, 4, 5 and Postgraduate. No signup.
Estimate using 2024/25 thresholds. Interest is not modelled and thresholds change each April — check gov.uk and your loan account for exact figures.
How UK student loan repayments work
Repayments are income-contingent: you repay a percentage of everything you earn above a threshold, and nothing below it. The rate is 9% for Plans 1, 2, 4 and 5, and 6% for a Postgraduate Loan. The amount you borrowed does not change your monthly repayment — only your income does.
The 2024/25 annual thresholds this tool uses:
- Plan 1: £24,990 · Plan 2: £27,295 · Plan 4 (Scotland): £31,395
- Plan 5: £25,000 · Postgraduate: £21,000 (6%)
What this calculator is not
It estimates your repayments, not your balance — interest is not modelled, and thresholds change every April. For the current figures, your exact plan and your balance, see gov.uk and your online loan account.
Common questions
- How much do I repay on my student loan?
- You repay a fixed percentage of what you earn above your plan's threshold — 9% for Plans 1, 2, 4 and 5, and 6% for a Postgraduate Loan. Below the threshold you repay nothing. For example, on Plan 5 (£25,000 threshold) earning £30,000, you repay 9% of £5,000 = £450 a year.
- Which student loan plan am I on?
- Roughly: Plan 1 if you started before September 2012; Plan 2 if you started 2012–2022 in England or Wales; Plan 4 if you studied in Scotland; Plan 5 if you started in England from 2023; and a Postgraduate Loan for a master's or doctoral loan. Check your online loan account if unsure.
- Does the repayment depend on how much I borrowed?
- No. Repayments are income-contingent — they depend only on your income, not your balance. How much you borrowed affects how long you repay for and whether you clear it before it is written off, not the monthly amount.
- Is interest included?
- No. This tool estimates your repayments, not your balance. Interest accrues separately and varies, so your outstanding balance can rise even while you repay. Check gov.uk and your loan account for interest details.
- Is this calculator official?
- No. It is a free estimate from ExamExplained using the 2024/25 repayment thresholds. Thresholds change each April, so check gov.uk for the current figures and your exact plan.