How much could you realistically save from your maintenance loan and part-time income? Calculate your monthly savings potential and what you'll have by graduation.
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Enter your monthly income and expenses to see your savings potential.
How to Save as a Student
Most financial advisers suggest the 50/30/20 rule: 50% needs, 30% wants, 20% savings. For students with tight budgets, even saving 10-15% consistently builds meaningful habits. A Lifetime ISA (LISA) allows under-40s to save up to £4,000/year with a 25% government bonus — ideal for a house deposit after graduation.
For most students: don't make extra loan payments — save instead. Your student loan interest is lower than it appears (because the write-off means most people never repay the full balance). Meanwhile, a Lifetime ISA earns a guaranteed 25% government bonus on your savings. This beats paying down a loan that will likely be written off anyway. Exceptions: high earners who will definitely repay the full loan benefit from reducing the balance.