Student Loan Repayment Calculator
Monthly repayments and when it's paid offRuns in your browser
Plan 2: you repay 9% of income over £29,385 a year (£2,448.75 a month). The balance and interest don't change what you pay each month, only how long you pay for. On these assumptions the remaining balance is written off, so overpaying would not save you money.
Projection only: interest rates change each September, thresholds may change, and the threshold is held at today's level here. Write-off periods differ for loans taken out in Scotland, Wales, Northern Ireland or before 2006.
These are estimates based on 2026/27 rates and the inputs you give. Your actual position can differ (other income, benefits in kind, tax code changes, scheme rules). This is not financial or tax advice.
How it works
Limits
- Thresholds are held at 2026/27 levels; interest rates change each September.
Sources
- HMRC – Rates and thresholds for employers 2026 to 2027
- GOV.UK – Income Tax rates and Personal Allowances
- GOV.UK – Scottish Income Tax
- GOV.UK – National Insurance rates and categories
- GOV.UK – Repaying your student loan: what you pay
- GOV.UK – Tax on your private pension contributions (tax relief)
- GOV.UK – Workplace pensions: what you, your employer and the government pay
- GOV.UK – Tax codes
How to use
- 1Choose your loan plan.
- 2Enter your salary, current balance and interest rate.
- 3Add expected pay rises and how long you've been repaying.
- 4See your monthly repayment and whether the loan is paid off or written off.
FAQ
How much will I repay each month?
9% of income above your plan's threshold (6% over £21,000 for postgraduate loans). For Plan 2, on £32,000: (£32,000 − £29,385) × 9% = £235 a year, about £19.60 a month.
Should I overpay my student loan?
Only if you're likely to clear it before it's written off. If the projection shows a write-off, overpaying usually just reduces the amount written off, not what you pay.