Student Loan Repayment Calculator (UK & US) | The Debt Reality
Calculate your exact student loan repayment for UK (Plan 2, Plan 5) and US loans. See how much you will actually pay back versus write-off.
Total You Repay
£54,757
via Tax Deductions
Interest Paid
£0
Money lost to the bank/govt
Written Off Amount
£156,077
Forgiven by Gov
Loan Balance Trajectory
💡
Interesting: You never pay off this loan. The government writes off £156,077 after 30 years. It acts more like a "Graduate Tax" than a loan.
Frequently Asked Questions
What is the Plan 2 write-off period?
For Plan 2 (Pre-2023 start), the debt is written off 30 years from the April after you graduated. For Plan 5 (Post-2023), it is 40 years.
Should I pay off my UK student loan early?
Often, no. If you are unlikely to clear the balance before the write-off date, paying extra is literally throwing money away. Use the calculator to check if you will reach the write-off date.