Should you overpay your student loan, or invest the cash instead?
Covers Plan 1, Plan 2, Plan 4 (Scotland), Plan 5 and the Postgraduate Loan, repaid through UK PAYE. Edit your numbers on the left, and everything else recalculates instantly.
by the time the loan is gone
Interest avoided by overpaying
Growth if invested instead
on top of what you put in
Loan gone by
Cost of overpaying, upfront
handed to the loan company
Balance and investment pot, year by year
Balance, minimum payments onlyBalance, with your overpaymentInvestment pot if you invest the difference
How the numbers stack up
Totals from now until the loan is gone, either way.