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Student loan repayment calculator

What actually comes out of your payslip, for every plan. Postgraduate loans stack on top, and the write-off date matters more than people think.

Your plan

Tax year 2026/27. Repayments are taken from gross pay above the threshold, before tax. Payroll rounds to the pound, so real deductions can differ by a few pence.

Your repayment each month

£42.11

£505 a year

  • Plan 2£42.11/mo

    9% of everything you earn above £29,385 · written off 30 years after the April you were first due to repay

Of every extra £100 you earn, £9 goes to your student loan before tax and NI take their share.

Want the full picture with tax and NI included? Take-home pay calculator.

Common questions

How much do I repay on my student loan each month?
You repay 9% of everything you earn above your plan's threshold (6% for postgraduate loans). On Plan 2 with the £29,385 threshold, a £35,000 salary repays 9% of £5,615, about £42 a month. Earn under the threshold and you repay nothing at all.
Which student loan plan am I on?
Broadly: started an undergraduate course in England or Wales before 2012, Plan 1; England or Wales 2012 to 2022, Plan 2; Scotland, Plan 4; England from August 2023, Plan 5. Master's or doctoral loans are the separate Postgraduate Loan. Check your online student loan account if unsure.
Do postgraduate and undergraduate loans both come out of my pay?
Yes, they stack. A Plan 2 borrower with a postgraduate loan repays 9% above the Plan 2 threshold plus 6% above the £21,000 postgraduate threshold, so 15p of every extra pound earned above both thresholds goes to loans.
When is my student loan written off?
Plan 1 is written off 25 years after the April you were first due to repay, Plans 2 and 4 and postgraduate loans after 30 years, and Plan 5 after 40 years. Whatever is left at that point is cancelled, which is why overpaying is not always worth it.
Should I pay off my student loan early?
Often no. If your salary means you are unlikely to clear the balance before write-off, extra payments just reduce an amount that would have been cancelled anyway. Early repayment mainly suits high earners who will repay in full; for most people an emergency fund, pension match or expensive debt comes first.

See your full payslip with tax and NI in the take-home pay calculator, or find out where your money should go first with the Money Health Check.