Income-Based Repayment Calculator

Disclaimer: All calculations are estimates only. Check with your lender or loan servicer to determine your eligibility for the IBR plan.

To determine if you qualify for the IBR plan, fill in the open fields listed below. At the bottom of the page, a Yes or No answer will be provided.

Step 1

Determine total eligible student
loan debt and monthly payment 		Eligible student
loan debt
Monthly payment on standard plan at 6.8% interest
FFEL/Direct federal Stafford loans $
 
Grad PLUS loans $
 
Federal Consolidation loans (excluding parent PLUS loans) $
 
Totals Total eligible debt:
$ 

 Total monthly payment:
$ 
 

Step 2
Determine monthly
Adjusted Gross Income (AGI, from your most recent federal tax return)
Select state of residence
Your AGI (based on your federal tax return) $
Spouse AGI (if married and filed joint federal tax return) $
Any additional household AGI $
Total Household AGI:  $ 

Step 3

Enter household size
Number of people in the household

Step 4

Determine IBR monthly payment
Determine IBR monthly payment
 

Step 5

Do you qualify for IBR ?
If the IBR monthly payment (step 4) is less than the total standard plan monthly payment (step 1), you qualify for the IBR plan.