Student Loan Calculator
Calculate your student loan repayments for 2025/26
Last updated: April 2025 · 2025/26 tax rates
Your Details
Your gross annual income
Loan Type
Not sure? Check when you started:
- • Before Sept 2012: Plan 1
- • Sept 2012 onwards (England/Wales): Plan 2
- • Sept 2023 onwards: Plan 5
- • Scotland: Plan 4
Loan Balances
Masters/PhD loan
Total Monthly Repayment
£58
Taken before you're paid (via PAYE)
Per Year
£693
Repayment Breakdown
Write-Off & Repayment Timeline
Write-off Period
30 years
From April after you finish course
Interest Rate
7.6%
Current rate for 2025/26
✓ Loan Likely to Be Written Off
At your current salary, you'll pay approximately £20,804over 30 years. Remaining balance will be written off.
Projected Balance Over Time
* Assumes constant salary. Interest at 7.6%. Balance grows with interest faster than repayments at lower salaries.
Plan Comparison
| Plan | Threshold | Rate | Write-off | Your Payment |
|---|---|---|---|---|
| Plan 1 | £24,990 | 9% | 25y | £75 |
| Plan 2 | £27,295 | 9% | 30y | £58 |
| Plan 4 | £31,395 | 9% | 30y | £27 |
| Plan 5 | £25,000 | 9% | 40y | £75 |
Understanding Student Loans
Quick Guide
Plan 1: Started undergraduate course before September 2012 in England or Wales, or any time in Northern Ireland
Plan 2: Started undergraduate course between September 2012 and July 2023 in England or Wales
Plan 4: Living in Scotland when course started (any year)
Plan 5: Started undergraduate course from September 2023 onwards in England or Wales
Postgraduate: Masters or Doctoral loan from any UK nation
Not Sure?
Check your loan details on gov.uk/sign-in-to-your-student-loan-account or contact Student Loans Company on 0300 100 0611.
Tax year 2025/26 (6 April 2025 - 5 April 2026) | Thresholds and rates subject to annual review