You've got the cash to clear your student loan. But should you?
If your ISA returns beat your loan interest, you might come out ahead
by investing instead. Enter your numbers and see the maths play out.
Loan plan preset
£
%
£
£
%
yrs old
≈ 30 yrs to write-off
%
%
—
—
—
—
Net wealth over time
Pay off now
Keep loan & invest
Difference
—
Year
Pay off: ISA
Keep: ISA
Keep: Loan
Keep: Net
Assumptions: ISA returns and loan interest are compounded monthly. Repayments are applied monthly (1/12 of annual amount).
Salary-linked repayments are recalculated each year with salary growth. The loan is written off after the specified term —
any remaining balance at that point disappears. This is a simplified model; actual student loan interest may vary
(e.g. RPI-linked). ISA returns are not guaranteed. This is not financial advice.