Paying off part/all of plan 1 and plan 2 student loans?

2 Posts

Hi I’ve searched the forum and can’t work out my own situation based upon posts of others so am hoping someone can help, I’m really struggling with the maths.
I would like to know if it’s worth paying off either or both of my student loans now. But I cannot work out if I will naturally pay off either loan before being wiped off or how much interest I would pay until wipe off dates for either loan.
Plan 1 loan balance £7589.64 interest 3.26% graduated July 2021
Plan 2 loan balance £7604.56 interest 6.3% graduated July 2023
Salary £37,000 possibly to increase to £40,000 in 5 years
Many thanks for any assistance anyone can offer.
Salary £37,000 possibly to increase to £40,000 in 5 years
Many thanks for any assistance anyone can offer.
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Does anyone know of a calculator that lets you input both plan 1 and 2?