Student loan repayment calculator
See what you’d actually repay on a Plan 5 loan, using real salaries for your subject.
How Plan 5 works
- It applies to students from England starting an undergraduate course from 1 August 2023.
- You repay 9% of what you earn above £25,000 a year. The threshold is frozen until at least April 2027.
- Interest is set at the RPI measure of inflation, with nothing added on top.
- Anything left is written off 40 years after you’re first due to repay.
- Students from Scotland, Wales and Northern Ireland have different loan plans.
Fees and maintenance loans change each year, so change the boxes above to match your own award. Check the official rules on GOV.UK.