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How does the direct gov Student loan payback calculator work?

April 26, 2017calculator gov Payback student loan

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How does the direct gov Student loan payback calculator work?

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I was using the student loan payback calculator online to get an estimate of when I will be free of my repayments and I really am worried. I entered in all my details, I took out 4 loans, totaling to around £17000 and I currently earn £22000. I am scared because it is telling me that after 492monthly repayments of 60quid (ie approx 30k) I would still owe the government 24k which the SLC would “graciously” let me off for….. is this normal that I would have paid back double the amount and still not be cleared?