Student Loan Repayment Calculator (US) – Monthly Payments & Interest

Our Free Student Loan Income-Based Repayment (IBR/SAVE/PAYE) Calculator is an essential online tool designed to help borrowers estimate their monthly payments under income-driven repayment plans. Whether you’re enrolled in IBR, SAVE, or PAYE programs, this calculator provides accurate payment estimates based on your income, family size, and loan balance. Simplify your student loan management by understanding your repayment options and planning your finances with confidence.

Income‑Driven Student Loan Repayment Calculator

IDR / IBR / PAYE / SAVE

Adjusted Gross Income (AGI) — annual (USD)

State 48 States & DC Alaska Hawaii

Household size

Plan SAVE (est.) PAYE (est.) IBR (new, 2014) IBR (original, 2009) ICR (simplified)

Estimates use standard discretionary‑income formulas. Some legal nuances (caps, partial financial hardship rules, SAVE blended %) are simplified.

Number of dependents (optional)

Loan balance ($)

Interest rate (APR, %)

Forgiveness term 20 years (e.g., undergrad/SAVE/PAYE/IBR2014) 25 years (e.g., grad/SAVE or IBR2009)

Override poverty line ($, optional)

$0 / month

Enter details and click Calculate.

Annual payment

$0

Discretionary income (annual)

$0

Poverty threshold used

$0

% of AGI

0%

Standard 10‑yr payment (cap reference)

$0

Plan cap applied?

—

Forgiveness after

—

Total months

—

Guideline basis: 2024 HHS Estimates only No data stored

This tool estimates monthly payments for common U.S. income‑driven plans using discretionary‑income formulas: SAVE (approx), PAYE, IBR (2014/2009), and a simplified ICR. Legal rules (e.g., partial financial hardship tests, interest subsidies, SAVE blended rate, family size definitions) are simplified for usability. For official numbers, consult your servicer.

Benefits: Using this Income-Based Repayment Calculator offers several important benefits for student loan borrowers. It delivers precise monthly payment estimates tailored to your unique financial situation, helping you avoid surprises and stay on top of your loan obligations. The tool supports better budgeting and financial planning by showing how your payments adjust based on changes in income or family size. It also helps you explore different repayment programs to find the most affordable and manageable option. Best of all, it’s completely free and easy to use, making it accessible for all borrowers looking to reduce financial stress. Take control of your student loans today with our Free Student Loan Income-Based Repayment Calculator and move closer to financial freedom.