Question 1

How do repayments work?

Accepted Answer

9% of earnings above the plan threshold via PAYE — Plan 2 £28,470, so £35,000 salary = £49/month.

Question 2

When is it written off?

Accepted Answer

30 years after April of the repayment year for Plan 2 — most moderate earners never clear it.

Question 3

Student loan thresholds?

Accepted Answer

Plan 1: £26,065; Plan 2: £28,470; Plan 4: £32,745; Plan 5: £25,000; postgrad: £21,000 — 9% (6% postgrad) above.

Question 4

Should I overpay my student loan?

Accepted Answer

Usually no — most Plan 2 borrowers never repay fully before the 30-year write-off, so overpayments are often wasted.

Question 5

Is the Student Loan Calculator UK free to use?

Accepted Answer

Yes — completely free, no signup, no account. It runs instantly in your browser and you can use it as often as you like.

Question 6

Is the Student Loan Calculator UK accurate?

Accepted Answer

Results use standard published formulas and current rates where applicable. They're accurate for the inputs given, but always verify figures that affect real money or decisions — rates change and edge cases exist.

Question 7

Do you store the numbers I enter?

Accepted Answer

No. Everything is calculated in your browser — nothing is sent to or stored on our servers.

Question 8

Can I use this on my phone?

Accepted Answer

Yes — the calculator is fully responsive and works on mobile, tablet and desktop.

Student Loan Calculator UK

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