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Income-based repayment calculation

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Income-based repayment calculator

Enter your loan information (amounts and interest rates) in the calculator below to estimate your monthly payment amount under the income-based repayment plan.

How many loans do you have?If you have more than 20 loans, add together loans with the same interest rate. If you are married and filed a joint federal tax return, you also can include your spouse's eligible student loans.   

Loan type Balance Enter the greater of the amount due when your loan initially entered repayment or the amount due today. You can estimate this amount or ask your loan holder. Annual
interest rate The charge for use of a lender's money for your loan. You can estimate this amount or ask your loan holder.
Loan 1 $
Loan 2 $
Loan 3 $
Loan 4 $
Family Size: The number determined by counting:
  • you,
  • your spouse,
  • each of your children if you provide more than half of their financial support, and
  • any other individuals who live with you and for whom you provide more than half of their financial support.

Financial support includes money, gifts, loans, housing, food, clothes, car, medical and dental care, and payment of college costs.
Adjusted gross income: Gross income for you and your spouse if married and filing a joint federal tax return. You can find this on your 2008 federal tax return:
  • 1040EZ, line 4
  • 1040A, line 21
  • 1040, line 37
Note: If your financial circumstances have changed, enter your current estimated gross annual income.
Residence: If you live in Alaska or Hawaii, select the appropriate box. You live in any other state in the United States or in another country, choose "All other." Alaska Hawaii All other