Student Loan
Repayment
Simulator
Enter your balance, salary, and plan type to see your monthly repayment, total amount repaid, and exactly when your loan gets paid off — or written off.
Your Loan
2025/26 repayment rates
Loan Written Off
Year 30
£274,570 written off after 30 years
Monthly Now
£5
current repayment
Total Repaid
£46,194
over lifetime
Interest Paid
£275,763
approximate
Written Off
£274,570
remaining balance
Balance & Repayments Over Time
Year-by-Year Breakdown
| Year | Salary | Monthly Repayment | Annual Interest | Balance |
|---|---|---|---|---|
| Now | £28,000 | — | — | £45,000 |
| Yr 1 | £28,000 | £5 | £3,285 | £48,222 |
| Yr 2 | £28,840 | £12 | £3,520 | £51,603 |
| Yr 3 | £29,705 | £18 | £3,767 | £55,153 |
| Yr 4 | £30,596 | £25 | £4,026 | £58,882 |
| Yr 5 | £31,514 | £32 | £4,298 | £62,800 |
| Yr 6 | £32,460 | £39 | £4,584 | £66,920 |
| Yr 7 | £33,433 | £46 | £4,885 | £71,253 |
| Yr 8 | £34,436 | £54 | £5,201 | £75,811 |
| Yr 9 | £35,470 | £61 | £5,534 | £80,610 |
| Yr 10 | £36,534 | £69 | £5,885 | £85,663 |
| Yr 11 | £37,630 | £78 | £6,253 | £90,986 |
| Yr 12 | £38,759 | £86 | £6,642 | £96,597 |
| Yr 13 | £39,921 | £95 | £7,052 | £102,512 |
| Yr 14 | £41,119 | £104 | £7,483 | £108,751 |
| Yr 15 | £42,353 | £113 | £7,939 | £115,335 |
| Yr 16 | £43,623 | £123 | £8,419 | £122,285 |
| Yr 17 | £44,932 | £132 | £8,927 | £129,624 |
| Yr 18 | £46,280 | £142 | £9,463 | £137,378 |
| Yr 19 | £47,668 | £153 | £10,029 | £145,573 |
| Showing first 20 years — chart shows full trajectory | ||||
How this works. You repay 9% of earnings above your plan threshold — not 9% of your total salary. Interest accrues on your balance year-round. If your loan isn't paid off by the write-off date, the remaining balance is cancelled — you don't pay it.
True as of April 2026. Repayment thresholds, interest rates, and write-off rules are subject to change by the government at any time. This tool is for illustration only — not financial advice. If unsure about your plan type or repayment terms, do your own independent research at gov.uk/repaying-your-student-loan.
The write-off reality
True as of April 2026 · subject to changeNorthern Ireland — Plan 1 applies after 2012
Students from Northern Ireland who started university after 2012 are on Plan 1 — not Plan 2 like the rest of the UK. This is because Northern Ireland did not adopt the 2012 tuition fee reforms. Plan 1 has a lower repayment threshold (£24,990) and a shorter write-off period (25 years), but also charges lower interest (roughly RPI only, compared to RPI+3% on Plan 2/5).
Most Plan 2 graduates won't repay in full
The Institute for Fiscal Studies estimates that around 75% of Plan 2 borrowers will not pay off their student loan in full before the 30-year write-off. For many graduates, the question isn't 'when will I pay this off?' but 'how much will get written off?'
You only repay 9% above the threshold
Your repayment is 9% of earnings above the threshold — not 9% of your total salary. If you earn £32,295 on Plan 2, you repay 9% of £5,000 (£32,295 − £27,295) = £450/year, or £37.50/month. Below the threshold, you pay nothing.
Interest adds up — but write-off cancels it
Plan 2 and Plan 5 accrue interest at RPI + 3%, which means your balance can grow significantly. However, if you're likely to have the loan written off anyway, the interest doesn't change your out-of-pocket cost. Making extra repayments only makes sense if you're on track to pay it off before write-off.
The written-off amount is not taxable
When your student loan is written off, HMRC does not treat the cancelled amount as income. You won't receive a tax bill for the amount forgiven. It simply disappears. This is the current position as of April 2026 and could change.