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Income-based repayment calculator

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Use our tool to find out if you qualify for IBR and estimate your monthly payment.

To begin, enter your federal student loan debt at the time your loans entered repayment.

Loan balance | ?
$ This field is required.

Interest rate | ?
% This field is required.

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Tell us about your financial situation.

I'm married and file a joint federal tax return | ?
Yes No

Your estimated income this year | ?
$ This field is required.

Your spouse's estimated income this year | ?
$ This field is required.

Number of dependents | ?

State of residence | ?

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Based on the information you provided, you would qualify for income-based repayment. Your estimated monthly payment amount is $0.00. If your income increases, your monthly payment amount could increase as well.

Please keep in mind that while the IBR plan may lower your monthly payment, the total amount of interest on your loan may be significantly higher than with another plan. The IBR plan is typically better for those individuals who have a low income and do not expect their earnings to increase in the near future.

You should contact your lender to determine your actual eligibility and to discuss the IBR option further. You can also use our Repayment calculator to make sure IBR is the best option for your situation.

Based on the information you provided, you would not qualify for income-based repayment.

There may be other repayment plans that can help lower your monthly costs. Use our Repayment calculator to compare the various repayment plans available to you.

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