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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
£0
per year
£9,000
per year
£0
Maintenance loan
£0
per year
£7,675
per year
£0
Likely starting salary
£0
per year
£60,000
per year
£0
Course duration
Sandwich course?
Change our assumptions?
Average inflation (RPI)
0%
per year
15%
per year
3%
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.

Join in the Forum Discussion:
Discuss the tool
If you haven't already

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