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
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.
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%
Let others know how student loans really work
Student loan thresholds and rates from gov.uk. Salary data from ONS Data.
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
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.
Plan 5 has a fixed interest rate of 3.2% (RPI) regardless of your income.
Let others know how student loans really work
Student loan thresholds and rates from gov.uk. Salary data from ONS Data.