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.

  • Enter your annual adjusted gross income, number of loans, loan amounts, interest rates, family size, and residence information below.
  • When entering dollar amounts, do not use commas or decimals. For example, enter $1,000 as 1000.

Income-Based Repayment Calculation

Available for payments made on or after July 1, 2009 for the following loan types:

The payment amount is adjusted based on income and family size.

The payment is not more than 15 percent of the amount by which your adjusted gross income exceeds 150 percent of the poverty line for your residence and family size.

The monthly payment amount may be lower than the monthly interest accrual. If the monthly amount is not enough to pay accrued interest on a Direct Subsidized or Unsubsidized Loan or Federal Stafford Loan (subsidized or unsubsidized) or the subsidized portion of a Direct Consolidation Loan or Federal Consolidation Loan, the Department of Education pays the remaining interest for the first three consecutive years from the date you first qualified for income-based repayment on that loan. This 3-year period does not include any period during which the loan is in an Economic Hardship deferment.

If you are married, you and your spouse can apply based on combined student loan debt.

Your payment is re-evaluated annually.

More interest may accrue over the life of the loan because the principal balance decreases at a slower rate.

The outstanding loan balance, if any, is forgiven after 25 years and 300 qualifying payments. The amount forgiven may be taxable.

If you do not qualify for income-based repayment according to this calculator, visit the Student Loan Repayment Calculator to estimate your payment under a standard repayment plan.

Contact your loan servicer to discuss your repayment options.

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