How long will it take you to repay your Student Loan? And how much will you end up paying? Use our English Student Loan repayment calculator to reveal the true cost of university.
Your Student Loan debt grows with interest over time but only becomes repayable once you earn a salary above a certain threshold. See our full guide to Student Loan repayments.
Note: This repayment calculator is for students from England only. Please ensure you enter your annual tuition fee and Maintenance Loan amounts.
Explanation of repayment results
There are many variables involved here and the backstage Student Loan repayment calculations are extremely complex. Honestly, we're surprised we're still sane enough to write this! And with that in mind, take these results simply as an estimation of your repayments.
Our Student Loan repayment calculator (UK) takes into account:
1. Average Inflation (RPI) – affects the interest on your loan and the growth of the repayment threshold. We've estimated it at 3%.
2. Salary Growth – we add this % to RPI which gives you an idea of how much your salary will grow above inflation. We’ve estimated it at 3.5%.
You can alter both of these using the Advanced section of the calculator.
We've also had to make these necessary assumptions:
- You won't have any career breaks.
- Your degree lasts three years.
- You only have undergraduate Student Loans without postgraduate loans.
- Your salary will increase steadily with a yearly pay-rise.
- The repayment threshold is £25,000 up until April 2027, from which point it will rise each year in line with RPI.
- Your Maintenance Loan is paid in three instalments at the start of each term (33%, 33% and 34%) but is smaller in final year.
- You start to repay your loan from the April after graduating.
- Values are calculated on how much money is worth today.
- Your tuition fees will be the same each year.
It's also worth noting that repayments of your Student Loan are taken off monthly, but the interest is accrued daily.
Please note figures are estimates and variables subject to change. Please direct any feedback or bug reports to our contact page, and check with your Student Loan provider for actual monies owed.
