IBR Calculator

Calculate your Income-Based Repayment monthly payment and forgiveness timeline.

Current Loan Balance ($)

Interest Rate (%)

Annual Gross Income ($)

Expected Annual Income Growth (%)

Family Size

Years Already in Repayment

New Borrower (after July 1, 2014)

Your IBR payment is less than the standard payment, demonstrating partial financial hardship.

$276/mo

10% of discretionary income | 20-year forgiveness

Standard 10-Year Payment$518

Discretionary Income$33,130

150% Poverty Line$21,870

Monthly Savings vs Standard$242

Total Payments$80,810

Amount Forgiven$0

Est. Tax on Forgiveness$0

Year 1$276/mo

Year 2$290/mo

Year 3$304/mo

Year 4$319/mo

Year 5$334/mo