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.
You will replay your loan in…
Average Yearly repayment:
Average Montly repayment:
Loan final cost: