Student Loan Calculator

Student Loan Repayment Calculator

Welcome to my student loan calculator! I have designed this calculator to help current and past students figure out how long it will take them to pay off their debts.

By giving it a loan ammount and base salary, this tool will give you a rough estimate of how many years it will take you to pay off your debts, will give you the average yearly and monthly payments and will also take into account yearly salary increases if you want it to do so! More than that, it will also take into account the interests generated by your loan every year (based on an average of 1,5% , though its changes every year) and will let you know how much if it you will actually be paying.

Using it is really straightforward: Select when you started your course (before or after 2012) then use the sliders to select the relevant values to you. One you are happy with everything, simply click “calculate!” and you are done.

Results

You will replay your loan in…

Click on Calculate

Average Yearly repayment:

Average Montly repayment:

Loan final cost:

Total repaid:

Total interests:

39 comments

  2. Hi, I would like to know more about your calculations. By my calculation the total amount paid varies from yours and I want to check I haven’t missed something out!

    Have you worked out the pre 2012 repayment by taking into account the threshold of £16,365 and only making minimum payments of 9% of anything above that?

    Thanks

    Reply

    1. Hum, your comment prompted me to check, and it seems the repayment conditions have changed for pre 2012 ? It would seem the threashold increased to £15,795 (whereas my tool is still base on the £15,000). I will update this.

      As for the calculations, for each year it works out the interest payable on the current balance (it assumes a 1.5% increase per year based on past trend), then works out how much would have been paid off in that year based on the given salary (accounting for pay increase if selected). If balance is left at the end on this, it moves on to the next year and so on until it reaches the “debt written off” threashold or that the balance has been paid off fully.

      This tool makes a few assumptions and guesses as there is a lot of unknown and unpredictable variables here.

      Let me know if I’m not making any sense, it’s late !

  5. There is an error in total amount repaid, for example if I put in a pre 2012 £11000 loan with a salary of £59k then it tells me it will take 3 years to repay the loan, with £156 interest but the loan total repaid is something like £11665

    Reply

  7. It is the best time to make a few plans for the future and it is tkme to be happy.
    I’ve learn this put up annd if I could I want to suggest you few attention-grabbing issues or suggestions.
    Perhaps you can write next articles relating to this
    article. I desire to read even more things about it!

    Reply

  9. I read a lot of interesting posts here. Probably you spend
    a lot of time writing, i know how to save you a lot of work, there
    is an online tool that creates unique, google friendly articles in seconds, just type in google – k2seotips unlimited content

    Reply

  10. Awesome content. You should use social sites to increase traffic.
    There are tools which automate this time consuming process.Visitors can flood your blog in no time, just search in google for:
    Rixisosa’s Social Automation

    Reply

    1. I like this new image: exepiiencrng the enthusiasm between the crossing! Great! Thank you Lorie and Nirmal! What a nice gift! It is amazing how we can garnish a new look on things just by a shift in perspective. ula

  11. Hello, I was searching for a way to work out how long it would take and this website was quick and easy and offered the answers I was looking for. Thank you. (Agh! 10 more years!!)

    Reply

  14. ompare price tags of identical items.You can get an alternative brand cheaper with not a coupon.Don’ t buy items just because you now have the coupon for doing this. 3.Many chain stores will double the head value of your coupon up to dollar.End up price mindful though, even doubling some sort of coupon most likely is not the the majority cost preserving. contemplate.Plan you grocery list and get the coupons you desire to use before going to the stash.This couldompare price tags of identical items.You can get an alternative brand cheaper with not a coupon.Don’ t buy items just because you now have the coupon for doing this.  3.Many chain stores will double the head value of your coupon up to dollar.End up price mindful though, even doubling some sort of coupon most likely is not the the majority cost preserving.  contemplate.Plan you grocery list and get the coupons you desire to use before going to the stash.This could help you save time within the store.5.Combining retail store sales together with coupons could help you save the the majority of money.Benefit from the double vouchers which could help you save even a lot more!   6.Assess online regarding store business, some chain stores offer coupons it is easy to print on the internet before moving out to a store.  7.Many chain stores will print in the receipt what amount of you really saved this day store shopping.Keep a straightforward log on the savings to aid you to see how much you are generally cutting price ranges.Look designed for coupons on the web! Many manufactures’ also deliver coupons it is easy to print online without charge! Coupon Emporium (http://www.couponemporium.com) provides new each week offers which you could print without charge or work with a coupon code when online buys.Using the guidelines presented you’ ll possibly be well along to cutting back using deals!

    Reply

  16. energy and efforts to maximize the sum of profit future from each and every customer.
    You will have two possible choices here.You have a business which can be always promotional and “buying” new clients, who usually buy just the once from one (a very expensive way to be able to go).Or simply, you might build your list of customers, sustenance this catalog, and acquire the benefits (profits) for quite a while.These customers can spend their own cash anywhere you want…why not give them good reasons for it to cost it along with you.
    So, so let’s look at a small amount of easy methods of boost numerous transactions because of each client.
    The main method is definitely free and extremely effective…it is actually “Under Promise and Through Deliver”.What’s up with this as a result effective? Given that hardly everybody practises the following…so when you apply this with each of your customers, they are going to blown at a distance.This is where the WOW factor enters in.Always say what you may mean together with mean what you say.Usually do not make fictitious promises or even over-exaggerate.Go the extra mile for one’s customers and they’ll be backside, over and even over.
    Always consider op energy and efforts to maximize the sum of profit future from each and every customer.

    You will have two possible choices here.You have a business which can be always promotional and “buying” new clients, who usually buy just the once from one (a very expensive way to be able to go).Or simply, you might build your list of customers, sustenance this catalog, and acquire the benefits (profits) for quite a while.These customers can spend their own cash anywhere you want…why not give them good reasons for it to cost it along with you.

    So, so let’s look at a small amount of easy methods of boost numerous transactions because of each client.

    The main method is definitely free and extremely effective…it is actually “Under Promise and Through Deliver”.What’s up with this as a result effective? Given that hardly everybody practises the following…so when you apply this with each of your customers, they are going to blown at a distance.This is where the WOW factor enters in.Always say what you may mean together with mean what you say.Usually do not make fictitious promises or even over-exaggerate.Go the extra mile for one’s customers and they’ll be backside, over and even over.

    Always consider opportunities to offer your prospects excellent importance.Keep questioning, “how am i able to serve and even help my personal customers improved? ‘ Instead of always trying to push a person’s products onto your customers, supply them 100 % free tips, recommendation, info and gifts on occasion.You could possibly think this is often all a lot wasted energy, but overall it is going to be easier, more effective and that you will make even more sales.Keep adhering to up at their side please remember to say thank you for their particular business.

    Its fair to say that your home business should provide you with EXCELLENT value goods and services that your visitors need.If he or she aren’t wonderful…don’t sell them.Your clients are only able to be disappointed and after that they moves somewhere else to pay out their income.Ordinary products are plain dull and will likely not inspire a different purchase.Gardening be happy and thrilled, so make that aim.

    These days, let’s consider increasing the average $ great deals.The simplest is to help you package together several related, valuable programs and sell for that premium amount.If you will be offering a great deal, people will undoubtedly be too happy to pay excess for what exactly they get.

    Consider increasing your prices on the board for the products.Now most entrepreneurs will avoid that, thinking that they may lose on sales.But for anybody who is offering superb service, great products also, you only raise the price by way of, say $2, it’s unlikely you miss on sales.And imagine retailing 1, 000 products and services at $2 special…that’s $2, 000 supplemental profit designed for zero additional work plus expense.This is what AS I call influence.Sell over the benefits as well as value of your products, not over the price.Avoid discounting and value bring instead.

    At last, you want to work on increasing your margins and cutting your costs to increase your in a nutshell.Continually monitor your expenditures.Set budgets for the expenditure.Track ones own ads and forestall running advertising campaigns that you should not work.Be sure and reduce discounting plus increase prices a little.Set your business and advertising plan and adhere to it, while normally being lenient with improve.

    It’s all the little problems that soon add up to make an enormous difference towards your bottom series profits.Just keep using it on a standardized basis.

    Reply

  18. de.Which means, they present an incentive to make sure you persuade someone to place a considerable amount of trades, considering that that’s when they help to make their finances.There usually are unscrupulous full-service brokers these days who do provide sagacious financial commitment advice, but who ? re so active in your portfolio who their commissions set out to eat away pictures earnings.Neophyte option traders have unconsciously hired these types of de.Which means, they present an incentive to make sure you persuade someone to place a considerable amount of trades, considering that that’s when they help to make their finances.There usually are unscrupulous full-service brokers these days who do provide sagacious financial commitment advice, but who ? re so active in your portfolio who their commissions set out to eat away pictures earnings.Neophyte option traders have unconsciously hired these types of brokers, and every time they get his or her’s annual proclamation they’re shocked to locate that many people made not nearly as expensive what many thought, and perhaps actually got a harmful return on the investments.

    Which means, be thorough when choosing your adviser.If you actually hire the full-service dealer, make guaranteed it’s an individual who works for or simply is of a reputable stock broker house, and guantee that the broker understands you’re aware that the they earn money whenever a trade is normally executed.Through this industry, they’re lower the probability that to take in away in your capital entirely, because they may know upfront you will be hip to the game.It is possible to what stock you ought to buy and are generally a smallish investor, it is better to go which includes a discount dealer, because they just do not receive profits.and thus won’t persuade anyone to place superfluous trades.

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *