Question 1

How much will I repay on my student loan in total?

Accepted Answer

It depends on your salary, loan balance, and plan type. High earners on Plan 2 may repay significantly more than they borrowed due to interest, while lower earners may have the remaining balance written off after 25–40 years. Use our total repayments calculator to see a year-by-year breakdown of how much you'll pay.

Question 2

Will I repay more than I borrowed?

Accepted Answer

Many graduates do repay more than they borrowed because interest accrues from day one. For Plan 2 borrowers, interest can be as high as RPI + 3%, meaning total repayments can exceed the original loan. However, if your salary stays low, you may repay less before the loan is written off.

Question 3

How are total student loan repayments calculated?

Accepted Answer

The calculator projects your repayments month by month, deducting 9% of income above the repayment threshold (6% for Postgraduate loans). It accumulates these payments over the full loan term to show your total cost, factoring in salary growth and comparing against the write-off date.

Total Repayments

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