So you’ve read about the Income-Based Repayment Plan and you want to learn more?

Your loan servicer will determine your eligibility for IBR, but check this calculator to see whether you might qualify and what your estimated payment could be.

Income-Based Repayment Calculator

Use this calculator to estimate whether you qualify for the Income-Based Repayment Plan (IBR), and what your estimated monthly payment would be, based on your  

  • federal student loan balance,
  • adjusted gross income (AGI),
  • federal tax filing status,
  • family size, and
  • state of residence.

Note: If you filed a joint federal tax return and your spouse has federal student loans, you’ll need your spouse’s federal student loan balance as well.

Do you need information about the federal student loans you received?

The National Student Loan Data System (NSLDS®) provides information such as the type(s) of loans you have taken out, outstanding principal and interest, the total amount of all your loans, and who your loan servicer is. You will need your Federal Student Aid PIN to sign in to NSLDS.

NSLDS has information about only your federal student loans—private loans are not included.

Income-Based Repayment Calculator

You might want to have income information, such as your most recently filed tax return, ready before you start.

Select the options that apply to you and enter your information. Please use no more than two decimal places when entering the average interest rate on your loans (such as 5.45%).

 

 

For an official determination of your eligibility for IBR, please contact your loan servicer(s). If you are ready, you may apply for Income-Based Repayment now.