How are student loan repayments calculated?

9% of income above your plan threshold. Plan 2 (most graduates): 9% above £27,295/year = £2.70/week for every £1,000 over threshold.

When are student loans written off?

Plan 1: 65th birthday or 25 years. Plan 2: 30 years. Plan 4 (Scotland): 30 years. Plan 5 (from 2023): 40 years.

Do student loans affect mortgage applications?

Repayments reduce take-home pay, so lenders will factor them in affordability calculations, potentially reducing borrowing capacity.

UK Student Loan Repayment Calculator (Plan 1/2/4/5)

Calculate UK student loan repayments for Plan 1 (threshold £24,990), Plan 2 (£27,295), Plan 4 Scotland (£31,395), and Plan 5 (£25,000). All at 9% above threshold.

Use the full interactive calculator below, or

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UK Student Loan Repayment Calculator (Plan 1/2/4/5)

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Frequently Asked Questions

How are student loan repayments calculated?

When are student loans written off?

Do student loans affect mortgage applications?