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The Income-Based Repayment (IBR) Calculator

Calculate Your Big-Time Student Loan Savings Now

Life happens, and sometimes you need to choose between paying rent or your monthly student loan bill. You may be eligible for an Income-Based Repayment (IBR), which is based on your ability to pay. Your obligations are dependent on factors such as income, life changes, family size, how and when you file your tax return. Fill out your information in the loan calculator to see what your payments could be.

Personal Info


Loan Info


First month's payment


Last month's payment


Total balance paid


Total forgiveness


Repayment term

~10 years~25 years~15 years

Your results are in! You would have a monthly payment* of $85 on IBR, a difference of $298 from your current payment. Make note that your payments may increase if you earn more income in the future. Let's assume with an annual income growth of 3.5%, you would have a final monthly payment amount* of $317. Fast-forward ~25 years of making payments: Your total amount paid would be $56,054 with $26,206 received in forgiveness. Compare this to your current plan, in which you would pay $45,960 over the next ~10 years.

*Monthly payment amounts presented here are estimates only and are based on several assumptions that may not apply to you. To discuss actual monthly payment amounts, contact your loan servicer or student loan professional.

Yep, now you can.

student loans. taxes. business. credit.

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