Student Loan Repayment Calculator
Estimate deductions for Plans 1, 2, 4 or 5 and an optional postgraduate loan. Actual payroll deductions use the pay-period rules and rounding, so a yearly estimate can differ from payslips.
Quick answer
The estimate applies 9% above the selected undergraduate-plan threshold and 6% above the postgraduate threshold where selected.
Calculator
How to use this calculator
- Enter the figures that match your current scenario.
- Check the effective date, assumptions and any jurisdiction or plan selection.
- Review the breakdown, test a second scenario and verify the result before acting.
Explanation
What it is
The estimate applies 9% above the selected undergraduate-plan threshold and 6% above the postgraduate threshold where selected.
How it works
The helper applies the official 2026/27 annual thresholds to income. Payroll normally calculates each pay period and rounds deductions down to whole pounds, which can produce a different annual total.
When to use it
Use this tool to explore a planning scenario before checking current official rules, product documents or professional guidance.
Limitations
- The result is an estimate based only on the inputs shown.
- Rates, thresholds and product terms can change after the effective date.
- The calculator does not replace an official assessment, provider quote or personalised advice.
Key terms
- Estimate
- A planning result produced from the stated inputs and assumptions, not a guaranteed outcome.
- Effective date
- The date or tax year for which a changing rule, threshold or rate has been checked.
- Authoritative source
- An official or regulator-backed source used to support a rule, rate or calculation method.
Formula
How we calculate this
The helper applies the official 2026/27 annual thresholds to income. Payroll normally calculates each pay period and rounds deductions down to whole pounds, which can produce a different annual total.
Statutory or methodological reference:GOV.UK official guidance — Repaying Your Student Loan.
Formula trace: Plan-specific statutory threshold and marginal repayment model using pay-period rules, concurrent plans and overseas thresholds; version by tax year.
Worked example
Enter realistic figures into the student loan repayment calculator and compare the result with the breakdown. Change one assumption at a time so you can see which factor has the greatest effect. Check the governing rule at GOV.UK official guidance — Repaying Your Student Loan.
FAQ
What does the student loan repayment calculator calculate?
The estimate applies 9% above the selected undergraduate-plan threshold and 6% above the postgraduate threshold where selected.
Which assumptions have the biggest effect?
The most important assumptions are the amounts, time period, applicable rate or threshold, and any jurisdiction or plan choice shown in the form.
How accurate is this estimate?
It is designed for planning and testing scenarios. Accuracy depends on the inputs and whether your circumstances fit the simplified method described on the page.
Can I use the result as a final decision?
No. Verify changing rules and product terms, and seek suitable professional or official guidance when the decision is material or complex.
When should I recalculate?
Recalculate after a change in income, balance, rate, term, household circumstances, tax year or official policy.
Common mistakes
- Using a headline rate without checking whether it applies to the full amount.
- Mixing monthly and annual figures.
- Treating an educational estimate as an official assessment or guaranteed quote.
Tips
- Test a cautious scenario as well as an optimistic one.
- Keep a note of the assumptions and effective date.
- Compare the result with official guidance or provider documents before acting.
Related calculators
Related guides
Sources and editorial review
- GOV.UK official guidance — Repaying Your Student Loan
- GOV.UK official guidance — Student Loans A Guide To Terms And Conditions
- GOV.UK official guidance — 2026 To 2027 Student And Postgraduate Loan Deduction
Author and review
Author: FinanceHub UK Editorial Team — Editorial. Editorial policy.
Reviewed by role: Student-finance specialist and tax reviewer for repayment formulas. Named qualified reviewer sign-off is pending before production.
Review record date: 2026-07-10. Next review due: 2027-03-01.