UK Student Loan Repayent Calculator
This calculator can be used to find out:
- How long it could take to repay your student loan
- The potential repayment costs over the loan's duration
How much do I repay?
For plans 1, 2 and 4 your repayments equal 9% of your pre-tax earnings above the threshold. When you have more than one type the payment is split according to the repayment thresholds.
For the postgraduate loan your repayments equal 6% of your pre-tax earnings above the threshold.
Should I pay it off?
MoneySavingExpert extrordinaire Martin Lewis has a good article on figuring out whether it's worth paying off your loan early. You can find the article here: https://www.moneysavingexpert.com/students/student-loans-repay/