Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Skip to content
Home » What percentage of UK students pay back their student loan?

What percentage of UK students pay back their student loan?

Student Loan Repayment Rates in the UK.

In the academic year 2022-23, full-time undergraduate students in the UK are projected to borrow an average of £42,100 throughout their university journey. This borrowing usually spans a 3-year period, encompassing tuition fees, living expenses, and other educational costs.

According to current estimates, over a quarter, precisely 27% of these students are anticipated to repay their loans in full. Looking ahead to the 2023-24 cohort, this percentage is set to increase significantly, with an estimated 61% of students expected to clear their entire loan amount.

These repayment projections offer insights into the changing landscape of student debt in the UK. With a substantial increase in the percentage of students clearing their loans within a few years of graduation, there is optimism for improved financial stability among graduates.

(Response: The percentage of UK students predicted to repay their student loan in full is 27% for the 2022-23 cohort and rises to 61% for the 2023-24 cohort.)