Repayment Calculator for Student Loans
It's quick and easy to see how much of your students loans you'll need to repay from your salary with this handy online student loan repayment calculator that shows you instantly your repayments based on todays threshold limits.
Loans from the student loan company become repayable once you find a full time job and the salary is above £17,495 per year.
The repayments are taken by your employer directly from your salary and repaid to the SLC on your behalf until the loan is repaid in full.
You can use our handy online calculator below to see just how much will be deducted and if you find it useful please tell others about this or add it to a website you have by using the code below.
If there are any changes to the calculation made by the government we will update our forumula and it will automatically change on your website so you can add the code now and leave it knowing that it will always be up to date.
Calculate Your Repayments Now
This calculator is set on the following information:
- For courses started before 1st September 2012, called Plan 1 loans.
- Threshold when you start to repay loans is £17,495 salary per annum.
- Repayments calculated at 9% of the value above £17,495 and your current salary - these are divided by 12 to show you the monthly repayments until your loan is repaid in full.
- Simply enter your annual salary below and hit "calculate".
Add this calculator to your website!
If you have a school, university or college website you can add this calculator to your website by copying the code below. It's all hosted by us so if the figures change we'll update the code and your site will instantly be updated also!
Copy and Paste the Following Code
The code must appear exactly as it does above otherwise it won't work.
Example Repayments
| Annual Salary | Monthly | Repayment |
|---|---|---|
| £15,000 | £1,250 | £0 |
| £17,000 | £1,417 | £0 |
| £18,000 | £1,500 | £3.79 |
| £20,000 | £1,667 | £18.79 |
| £24,000 | £2,000 | £48.79 |
| £30,000 | £2,500 | £93.79 |
Other Loan Information
You can browse other information on this site all about student loan advice which provides in-depth information on all aspects of student loans student loan repayment that looks at how to repay student loans and once you have completed your studies you may need financial support so we have a section on graduate student loans looks at other 3rd-party funding options post graduation.