Monthly Repayment
£37.22
Deducted from your salary
9% over £28,470/year
Monthly Interest Added
£141.33
Added to your balance
Interest rate: 3.2%
Net Monthly Change
+£104.11
Debt increasing
Earning ≤ £28,470
3.2% (RPI)
Earning £28,471 - £51,245
3.2% → 6.2% (scaled)
Earning ≥ £51,245
6.2% (RPI + 3%)
Your rate: At £32,347, you're between the thresholds, so your rate is 3.82%
Your loan balance is growing
At your current salary, the interest added exceeds your repayments.
Your loan balance is decreasing!
Your repayments exceed the interest being added.
Let others know how student loans really work
Student loan thresholds and rates from gov.uk. Salary data from ONS Data.
Built by LFG
Monthly Repayment
£65.22
Deducted from your salary
9% over £25,000/year
Monthly Interest Added
£141.33
Added to your balance
Interest rate: 3.2% (fixed)
Net Monthly Change
+£76.11
Debt increasing
Plan 5 has a fixed interest rate of 3.2% (RPI) regardless of your income.
Your loan balance is growing
At your current salary, the interest added exceeds your repayments.
Your loan balance is decreasing!
Your repayments exceed the interest being added.
Let others know how student loans really work
Student loan thresholds and rates from gov.uk. Salary data from ONS Data.
Built by LFG