Student Loan Plan Checker

Use this tool to identify which student loan plan applies based on when and where you studied, then calculate your exact monthly repayments. Knowing your plan is essential — the wrong plan type means over- or under-paying.

Enter your salary, outstanding balance, and current interest rate. Then select the number of years since graduation. The calculator models your repayment trajectory, showing the balance each year and whether you are on track to clear the loan before write-off. For Plan 2 borrowers, the interest rate can exceed the repayment rate at lower incomes, causing the balance to grow even while you repay — this is particularly relevant for those who graduated with large postgraduate debts. The question of whether to overpay voluntarily is complex. For Plan 2, voluntary overpayments only save money if you are genuinely on track to repay in full before the 30-year write-off. If you are not — which applies to the majority of Plan 2 graduates — voluntary overpayments simply reduce a balance that would be written off anyway.