Income-Based Repayment Calculator

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Income-Based Repayment (IBR) caps your federal student loan payment at a percentage of your discretionary income, making payments more manageable when your salary is low relative to your debt. This calculator estimates your monthly IBR payment based on your adjusted gross income (AGI) and family size using the standard federal poverty guidelines.

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Enter Your Measurements

Results

Monthly IBR Payment

186.75

$

Annual IBR Payment

2,241.00

$

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Formula

Discretionary Income = AGI − (150% × Federal Poverty Line for family size) Monthly IBR Payment = Discretionary Income × 10% / 12

How to Use This Calculator

How to Use

  1. 1

    Enter your Adjusted Gross Income (AGI) from your most recent tax return.

  2. 2

    Enter your household family size.

  3. 3

    Enter your current federal student loan balance.

  4. 4

    Review your estimated monthly IBR payment.

Frequently Asked Questions

Frequently Asked Questions

Who qualifies for IBR?

IBR is available to borrowers with Direct Loans or FFEL loans who demonstrate partial financial hardship — meaning their standard 10-year payment exceeds their IBR payment.

What happens after 20 or 25 years on IBR?

Any remaining loan balance is forgiven after 20 years (for new borrowers after July 2014) or 25 years (for older borrowers). Forgiven amounts may be taxable income.

Is IBR the same as SAVE or PAYE?

No — SAVE (Saving on a Valuable Education), PAYE, and IBR are separate income-driven plans with different payment percentages and forgiveness timelines. Consult studentaid.gov for details.
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About This Calculator

This calculator uses the formula: Discretionary Income = AGI − (150% × Federal Poverty Line for family size) Monthly IBR Payment = Discretionary Income × 10% / 12. All calculations follow industry-standard methods. Results are estimates — always verify with a licensed professional for structural or code-compliant work.

Built and maintained by the CalcSmart team. Last updated March 2026.

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