The UK's student loan system is unique - it functions more like a graduate tax than a traditional loan. With interest rates that can exceed 7% during periods of high inflation, and automatic cancellation after 30 years, the decision to repay early isn't straightforward.

Early repayment could save significant interest costs for high earners, but those with lower income trajectories might end up paying more than necessary if their loans would have been forgiven. Use the calculator below to make an informed decision based on your career prospects and financial situation.