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England only

Student Finance Calculator 2012 - 2015 How much will you pay?

For full information on the student finance changes, read...
Year you are starting Uni
Tuition fees loan
per year
per year
Maintenance loan
per year
per year
Likely starting salary
per year
per year
Course duration
Sandwich course?
Change our assumptions?
Average inflation (RPI)
per year
per year
Your salary growth
RPI -5%
per year
RPI 25%
per year
RPI +2%
Average UK earnings growth
RPI -5%
per year
RPI +15%
per year
RPI +1%

Discuss this tool Report problems

The results are a rough estimate only, as a number of assumptions have been made:

  • Interest is accrued and applied monthly (in reality it will accrue daily, but we have simplified it so that the tool can work properly – this makes a difference of up to 'plus or minus 2%'.
  • You don't take any time off during the 30 years after graduation, and your salary rise is consistent. If you retire before the 30 years are up, there's a significant chance you'll repay far less.
  • Repayments start in the April following graduation.
  • In the final year of study, you receive 90% of the normal maintenance loan.
  • There is no tuition fee inflation, so if you pay £9,000 in year one, you pay it for each year of study.

Try the following changes to see how it affects your repayments...
  • If you're going into a profession with very high salaries for those at the top, try increasing 'Your salary growth'.
  • Similarly, if you're looking at a career where salaries tend to remain static, you could set this lower.
  • Try changing the size of the maintenance loan. This varies based on where you live, and where you study.

If you are likely to take a long career break (unemployment, sabbatical, travelling the world, or raising children), switch to part-time work or retire within 30 years, then you are likely to repay substantially less during that time - but the calculator can't factor this in.

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Discuss the tool
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