Free Income-Driven Repayment Calculator

Estimate monthly payments under income-driven repayment plans for federal student loans.

Save
USD
USD

Estimated Monthly Payment

$228

Annual Payment$2,741
Discretionary Income$27,410
150% of Poverty Line$22,590

Estimated Monthly Payment vs Adjusted Gross Income

View formula & how it works →

Income-Driven Repayment Plans

How Payments Are Calculated

Monthly Payment = (AGI - 150% of Poverty Line) x Plan% / 12

Plan Comparison

PlanPaymentForgiveness SAVE (REPAYE)10% discretionary20-25 years IBR15% discretionary25 years ICR20% discretionary25 years

Poverty Guidelines (2024, Continental US)

  • 1 person: $15,060
  • Each additional: +$5,380
  • Discretionary income = AGI minus 150% of the poverty line

    • Example Calculation

    $50,000 AGI, single, $40,000 loans, SAVE plan (10%).

    1. 01Poverty line (1 person) = $15,060
    2. 02150% of poverty = $22,590
    3. 03Discretionary income = $50,000 - $22,590 = $27,410
    4. 04Annual payment = $27,410 x 10% = $2,741
    5. 05Monthly payment = $2,741 / 12 = $228

    Frequently Asked Questions

    Learn More

    How to Calculate Mortgage Payments

    Learn how to calculate mortgage payments step by step. Understand the mortgage payment formula, principal vs. interest breakdown, escrow, PMI, and how to use amortization schedules.

    Related Calculators

    Student Loan Repayment

    Compare repayment plans.

    Student Loan Calculator

    Basic student loan calculator.

    Debt Payoff

    General debt payoff calculator.