Income-Based Repayment Calculator
Calculate your monthly student loan payments under Income-Based Repayment (IBR) plans. Determine affordable payments based on your income, family size, and loan details.
Step 1: Loan Details
About Income-Based Repayment
IBR plans cap your monthly payments at 10-15% of your discretionary income and forgive any remaining balance after 20-25 years of qualifying payments.
Step 2: Income & Family Details
Discretionary Income Calculation
IBR payments are based on your discretionary income, which is your AGI minus 150% of the poverty guideline for your family size and state.
Repayment Results
Estimated Monthly Payment
Repayment Plan Comparison
| Repayment Plan | Monthly Payment | Total Paid | Forgiveness Term |
|---|
Payment Breakdown Over Time
IBR Calculation Formula
Monthly Payment = (AGI – (1.5 × Poverty Guideline)) × 10% ÷ 12
Payments are capped at 10-15% of discretionary income. If calculated payment is less than interest accrued, government may cover some interest for first 3 years.
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