About My Student Loan

The Problem

Every job offer, every pay rise, every salary negotiation involves a gross figure. But what actually matters is what you take home. For anyone with a student loan, there is an extra deduction that makes the gap between gross and net even wider, and most people have no idea how much it actually is.

The Student Loans Company website will tell you your balance and your plan type, but it will not quickly tell you "if you earn X, you will pay Y per month." That is the question most graduates actually want answered, and it is the question this calculator exists to answer.

What This Calculator Does

My Student Loan is a free, instant calculator that works out your monthly and annual student loan repayments based on your salary and plan type. You enter your gross annual salary, pick your plan (Plan 1, Plan 2, Plan 4, or Plan 5), and get an immediate breakdown showing exactly how much will be deducted.

No registration, no email required, no data collected. The calculation runs entirely in your browser using the current Student Loans Company thresholds for the 2025/26 tax year.

Who It Is For

• Recent graduates starting their first job and wondering why their payslip does not match what they expected
• Established professionals comparing job offers and wanting to know the true take-home difference once student loan repayments are factored in
• Current students planning ahead and wanting to understand what repayments will look like at different salary levels
• Parents helping their children understand the financial implications of student borrowing
• Financial advisers and HR professionals needing a quick reference tool for client or employee queries

Why We Built It

The UK student loan system is often described as a "graduate tax" rather than a traditional loan, and for good reason. Most borrowers on Plan 2 will never fully repay their balance before it is written off after 30 years. Plan 5 borrowers face a 40-year repayment window. For many people, the total amount borrowed is almost irrelevant -- what matters is the monthly deduction from their pay.

Despite this, there is no simple, ad-free tool that lets you punch in a salary and instantly see what you will pay. The government's own tools are buried in lengthy guidance pages. We wanted something that loads fast, gives you the answer in seconds, and does not try to sell you anything.

This site was built by someone who went through exactly this process -- accepting a job offer, trying to work out the actual take-home pay, and spending far too long hunting for a straightforward calculator. It should not be that hard. Now it is not.

How It Works

Student loan repayments in the UK are calculated at 9% of your earnings above the threshold for your plan type. The calculator takes your annual salary, subtracts the relevant threshold, multiplies the remainder by 9%, and divides by 12 to give you a monthly figure. If your salary is below the threshold, the repayment is zero.

All thresholds are updated to reflect the current tax year. The calculation is performed entirely client-side -- your salary figure never leaves your device.