UK Student Loan Calculator 2025
Plan 1 • Plan 2 • Plan 4 • Plan 5 • Postgraduate Loan
Your Student Loan Repayment Results
Plan 2 (England & Wales)
About Plan 2
Repayments start when you earn over £27,295 per year (2024/25 threshold). You pay 9% of income above this threshold. The loan is written off 30 years after the April you were first due to repay.
Important: This calculator uses 2024/25 repayment thresholds and rates from Student Loans Company. Plan 5 thresholds may change in April 2025. Overseas income thresholds differ. Always check your Student Loan Company statement for exact details.
Last updated: January 2025 | Source: Student Loans Company
UK Student Loan Calculator 2025: Understanding Your Repayments
What Is This UK Student Loan Calculator 2025?
Our UK Student Loan Calculator 2025 is a comprehensive, free tool designed to help students, graduates, and professionals understand exactly how much they’ll pay towards their student loans each month and year. Updated with the latest 2024/25 repayment thresholds from the Student Loans Company, this calculator covers all UK student loan plans – including Plan 1, Plan 2, Plan 4, Plan 5, and Postgraduate Loans – with accurate regional adjustments for England, Scotland, Wales, and Northern Ireland.
Whether you’re a recent graduate starting your first job, a mid-career professional planning your finances, or considering additional study, this calculator provides clear, personalised repayment estimates. Unlike basic calculators, ours includes write-off date projections and accounts for different repayment frequencies (monthly, weekly, or self-assessment), giving you a complete picture of your student loan commitments.
How Does the UK Student Loan Calculator 2025 Work?
The calculator uses a simple but precise calculation method:
- Plan Selection: First, select your student loan plan based on when and where you studied. The calculator automatically filters available plans by your chosen UK region – different plans apply in Scotland compared to England, for example.
- Income Input: Enter your annual salary before tax. The calculator uses this to determine if you earn above the repayment threshold for your specific plan.
- Threshold Application: Each plan has a different annual threshold (the amount you can earn before repayments start). For 2024/25, these range from £21,000 for Postgraduate Loans to £27,660 for Scotland’s Plan 4.
- Repayment Calculation: You pay a fixed percentage (6% for Postgraduate, 9% for undergraduate plans) only on income above your plan’s threshold. For example, on Plan 2 with a £30,000 salary: (£30,000 – £27,295) × 9% = £243.45 annually, or about £20.29 monthly.
- Additional Features: Input your current loan balance to see projected write-off dates, and choose your repayment frequency to see how deductions work through PAYE or self-assessment.
Understanding UK Student Loan Repayment
UK student loans operate differently from other debts. Key features include:
Income-Contingent Repayment: You only repay when you earn above your plan’s threshold. If your income drops below the threshold, repayments stop automatically.
No Credit Score Impact: Student loans don’t affect your credit rating, as they’re not recorded on credit files.
Automatic Deductions: For employees, repayments are deducted automatically through PAYE, just like tax and National Insurance.
Interest Accrual: While interest is added (currently between RPI and RPI+3%), most borrowers won’t repay the full amount before write-off.
Write-Off Periods: Loans are cancelled after 25-40 years (depending on your plan), meaning many graduates will have some balance forgiven.
Plan Variations: Different rules apply across the UK – Scotland’s Plan 4 has higher thresholds, while Plan 5 (for 2023+ starters) has longer write-off periods but lower thresholds.
Tax Year Updates: Thresholds typically increase each April in line with average earnings, though increases were paused during the pandemic.
Why This UK Student Loan Calculator 2025 Matters
With student loan thresholds changing annually and multiple plans operating simultaneously, manual calculations are complex and error-prone. Our calculator ensures accuracy while helping you:
· Budget effectively knowing your exact take-home pay
· Plan career moves understanding how salary increases affect repayments
· Consider further study comparing loan impacts of different courses
· Make informed decisions about voluntary repayments or early clearing
Remember: This UK Student Loan calculator 2025 provides estimates based on current thresholds. Your actual repayments may vary with salary changes, multiple jobs, or overseas income. Always check your annual Student Loan Statement for official figures.
Calculator updated for 2024/25 tax year using Student Loans Company thresholds.