Make extra repayments

You can make extra repayments towards your student loan. These are in addition to the repayments you must make when your income is over the threshold amount for your repayment plan.

There’s no penalty if you make extra repayments to pay some or all of your loan off early.

You can choose how your extra repayment is applied to your loan. For example, you can use it to pay off any overdue repayments or reduce the balance of a specific plan (if you have more than one). If you do not choose how the repayment is applied, the Student Loans Company (SLC) will decide how it’s applied for you.

If you’re a full time student from Wales, you may be able to get £1,500 of your Maintenance Loan written off.

Make a repayment without signing into an account

You can make a card repayment towards your loan or someone else’s without signing into an online account.

You need the person’s surname and customer reference number.

Make extra repayments from the UK

You can make extra repayments:

  • through your online account
  • by bank transfer
  • by cheque

Online account

Sign in to your online account to:

  • make a repayment using a debit card
  • set up a direct debit

Bank transfer

To make a bank transfer or set-up a standing order from a UK bank account use the following bank details:

Student Loans Company
Sort code: 60 70 80
Account number: 10027254

Use one of these as your reference:

  • customer reference number
  • loan account number (if the repayment’s for a specific loan)
  • grant reference number (if it’s for a grant repayment)

Cheque

To pay by cheque make your cheque payable to Student Loans Company Ltd and write the customer reference number on the back.

Student Loans Company Ltd
Finance Department
100 Bothwell Street
Glasgow
G2 7JD

Make extra repayments from overseas

You can make extra repayments:

  • through your online account
  • by International Bank Transfer (IBAN)

Online account

Sign in to your online account to:

  • make a repayment using an international debit card
  • set up a direct debit

International Bank Transfer

To transfer money from a non-UK bank account, use the following details:

IBAN: GB37NWBK60708010027254
SWIFT: NWBKGB2L
NatWest Government Banking Services Branch
2nd Floor
280 Bishopsgate
London
EC2M 4RB

Use one of these as your reference:

  • customer reference number
  • loan account number (if the repayment’s for a specific loan)
  • grant reference number (if it’s for a grant repayment)

Pay your loan off in full

Call SLC to find out:

  • the total amount you owe (this is called the ‘settlement amount’)
  • the date you need to pay by (this is called the ‘settlement date’)

You’ll need either:

  • your P60 and your payslips for the current tax year (6 April to 5 April the following year)
  • details of your most recent student loan calculation, if you pay through Self Assessment

You can pay by debit card, bank transfer or cheque.

If you do not pay the settlement amount by the settlement date, you’ll need to call again. This is because the amount you owe might have changed. You’ll only need to provide any recent payslips or calculations since you last called.

The Student Loans Company

Telephone: 0300 100 0611 (England, Northern Ireland or Scotland)
Telephone: +44 (0)141 243 3660 (outside the UK)
Monday to Friday, 8am to 8pm
Saturday, 9am to 4pm

Telephone: 0300 100 0370 (Wales)
Monday to Friday, 8am to 6pm

Find out about call charges