Overpayment disclaimer
This tool models voluntary student loan overpayments. It shows how paying extra now would change your repayment timeline and total cost given assumptions about your salary and loan plan. It does not account for your wider finances, tax position, or pension decisions and should not be taken as personalised financial advice. Seek professional financial advice before making any financial decisions.
Student Loan Overpayment Calculator
Model voluntary payments and see if overpaying your student loan makes financial sense
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Enter your loan details to compare scenarios
When Does Overpaying Make Sense?
Overpaying your student loan can save money in some situations, but isn't always the best use of your funds.
✓ Overpaying May Make Sense If:
- You'll repay in full before write-off
- You have a high salary (£50k+)
- You have Plan 1 or Plan 4 (lower interest)
- You have a relatively small balance
✗ Consider Other Options If:
- Loan will be written off anyway
- You have high-interest debt (credit cards)
- No emergency fund saved
- Not maximising pension contributions