Income-Based Repayment Calculator
Estimate your federal student loan payments under income-driven repayment plans
Calculate Your Income-Driven Repayment
Income-driven repayment (IDR) plans can make your federal student loan payments more affordable by basing them on your income and family size rather than your loan balance. Our calculator helps you estimate payments under various income-based repayment options.
Whether you're considering IBR, PAYE, REPAYE, or ICR plans, our calculator provides personalized estimates to help you make an informed decision about your student loan repayment strategy.
Which Income-Driven Plan Is Right For You?
Use our calculator to compare your estimated monthly payments across all IDR plans. Each plan has different eligibility requirements and payment calculations:
- IBR: 10-15% of discretionary income
- PAYE: 10% of discretionary income
- REPAYE: 10% of discretionary income
- ICR: 20% of discretionary income
Note: All income-driven plans offer loan forgiveness after 20-25 years of qualifying payments.
Income-Based Repayment Calculator
Fill out the form below to estimate your monthly payments under different income-driven repayment plans.
Estimated Monthly Payments
Enter your information above and click calculate to see your estimated payments
Compare Income-Driven Repayment Plans
| Plan | Payment Amount | Forgiveness Term | Eligible Loans |
|---|---|---|---|
Income-Based Repayment (IBR) | 10-15% of discretionary income | 20-25 years | Direct Loans, FFEL Program Loans |
Pay As You Earn (PAYE) | 10% of discretionary income | 20 years | Direct Loans only |
Revised Pay As You Earn (REPAYE) | 10% of discretionary income | 20 years (undergrad), 25 years (grad) | Direct Loans only |
Income-Contingent Repayment (ICR) | 20% of discretionary income or 12-year fixed payment | 25 years | Direct Loans, Parent PLUS (if consolidated) |
Benefits and Considerations of Income-Driven Repayment
Benefits
- Lower monthly payments based on your income and family size
- Potential loan forgiveness after 20-25 years of qualifying payments
- Payments adjust automatically with income changes
- Can qualify for Public Service Loan Forgiveness (PSLF) with these plans
- More manageable payments for borrowers with high debt-to-income ratios
Considerations
- May pay more interest over time due to extended repayment period
- Forgiven loan amounts may be taxable as income (except PSLF)
- Annual recertification required (must provide updated income information)
- Payment amounts may increase as your income grows
- Not all loan types are eligible for all IDR plans
Calculate Your Income-Based Repayment Options Today
Use our comprehensive suite of student loan calculators to find the most affordable repayment plan for your federal student loans.
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