Calculate how much the repayments will be on your student loan using our calculator. Some students will pay their full student loan amount plus interest, while others will not need to pay back the full amount. To understand how various factors will influence the amount you pay back, use this calculator to visualise the effects.

How to use this student loan calculator

  1. Enter the number of years your course lasts by using the sliding scale.
  2. Enter your annual tuition fee costs.
  3. Enter your annual maintenance loan/living costs.
  4. Estimate your likely starting salary. This is obviously only an estimate, but if you have an idea of average starting salaries for graduates in your subject, then use this figure.
  5. Annual pay raise - again this is an estimate, but you may have an idea of potential earnings for your chosen career path, for example a lawyer earns more in the long-term than a teacher.

As you enter and adjust these figures the graph will show you how they will affect the costs and repayment of your student loan.

Loan Balance———Salary———Interest———Repayment———


  • Student loan payments are made to the University at the start of each term and are distributed 25%/25%/50%.
  • The currently legislated salary limits remain unchanged.
  • The repayment rate is 9% of that part of your salary that exceeds £21,000.
  • Interest accumulates at RPI + 3% while you are a full time student.
  • When you complete your studies, interest accumulates RPI + a variable rate of up to 3% when you reach a salary of £41,000.
  • The RPI (April 2017) is 3.1%.
  • You start full-time employment in the summer after you graduate.
  • Any outstanding student loans are forgiven after 30 years.

Important: This student loan calculator is provided AS IS and for general guidance purposes only. Do NOT rely on this tool for making important financial decisions. If in doubt, consult a professional financial adviser.