Student Finance Calculator
Estimate your UK student loan repayments by salary and plan. Choose Plan 1, 2, 4 or 5 and see your estimated annual and monthly repayment in GBP.
Thresholds are illustrative; check gov.uk for your tax year.
Student finance and loan repayments
In the UK, student finance includes tuition and maintenance loans. After you leave your course, you repay your loan when your income is above the threshold for your plan. Repayments are 9% of your income above the threshold and are usually taken through PAYE. Your plan (1, 2, 4, 5 or postgraduate) depends on when and where you started studying. Thresholds are updated each tax year; always confirm yours on gov.uk.
Frequently asked questions
What is student finance?
Student finance is the system of government loans and grants for university. Repayment is income-based and taken via the tax system once you earn over the threshold.
Which plan am I on?
It depends on your start date and where you studied. Log in to your Student Loans Company account or check gov.uk to see your plan and threshold.
How much do I repay each month?
9% of your income above the annual threshold, usually split across 12 months. Bonuses and overtime can increase the deduction in that pay period.
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