Make voluntary repayments

You can make voluntary repayments towards your student loan. These are in addition to the repayments you make through your salary or tax return.

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

One-off repayment

You can pay online (for example by debit card), or by bank transfer or cheque.

Online payment

You can make a one-off repayment in your online account using an international or UK debit card.

You can also make a card repayment towards your loan or someone else’s without signing in to a student finance account. You need the person’s surname and customer reference number.

Bank transfer

Use the following bank details to make a one-off bank transfer from a UK bank account:

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

If you’re transferring money from a non-UK bank account, you’ll need the following details:

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

For all bank transfers, 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 overpayment)

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

Regular monthly repayments

You can set up regular monthly repayments through your online account. You can pay by debit card or set up a Direct Debit.

You can also set up a standing order through your bank using the following 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 overpayment)

Pay your loan off in full

Call SLC to find out the total amount you owe (this is called the ‘settlement figure’). 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 within 2 weeks of getting the ‘settlement amount’, 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