England & Wales only

How much will you pay? (2012+ starters)

For full information on the student finance changes, read...Student Loans Mythbusting or Free part-time student finance guide



Reset assumptions to default

When will the loan be cleared?


After 30 years, debt wipes

You haven't selected any loan - so there is nothing to repay.

How much will you repay?


What you


Converted to today's money

Remember, this is based on your salary increasing to £{[fts.salary | number:0]} by the time your debts clear (in {[fts.yearsToRepay]} years).

You won't repay anything before the 30 years when the debt wipes.

Try increasing starting salary to see when you'd start repaying.

For lower salaries, the amount you repay won't change as you vary the fees or loan - this is because the debt disappears after 30 years

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.
  • No tuition fee inflation as some universities will keep you at the rate you start on, so if you pay £9,250 in year one, you pay it for each year of study.
  • The repayment threshold is £25,725 in 2019/20 after which it will rise by average earnings growth (we assume this to be RPI+1% per annum).

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.