💰 Student Loan Calculator

Calculate student loan payments, total interest, and repayment timeline. Compare different repayment plans and see how extra payments can save you money. This site is supported by user contributions .

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Important Notice

This is an estimation tool. Consult with a financial advisor for specific advice.

Loan Amount Total amount borrowed

£0 £20,000 £100,000

Interest Rate Annual percentage rate

UK Plan 2: 5.5% · US Federal: 4.99-7.54%

Repayment Term Years to repay

years

Standard: 10 years · Extended: 20-25 years

Repayment Plan Choose your repayment strategy

Fixed monthly payments for entire term

Extra Monthly Payment Pay extra to reduce principal faster

Add extra payments to save on interest

Monthly Payment

£212.47

GBP

Total Interest

£5,496.40

GBP

Total Repayment

£25,496.40

GBP

📅 Repayment Timeline 10 years (120 months)

Principal: £20,000 Interest: £5,496

Start Date

Jun 2024

Payoff Date

Jun 2034

Time Saved

0 months

First Year Interest

£1,100

Interest paid in year 1

Interest Ratio

27.5%

Interest as % of total

📊 Amortization Preview

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