Income-Contingent Repayment (ICR) Calculator

The Income-Contingent Repayment plan is an income-driven repayment option for federal student loans. ICR generally limits payments to 20% of your discretionary income. However, your payments may instead be capped by the amount of a fixed payment on your loans over a 12-year term if this monthly payment amount is less than 20% of discretionary income.

This plan offers forgiveness on your remaining federal student loan balance after 25 years.

Use the Income-Contingent Repayment Calculator below to estimate your payments on this repayment plan.

First month

Last month

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Total forgiveness

Repayment term

OriginalICRSavings
First month
Last month
Balance paid
Total forgiveness
Repayment term
Your monthly payment on ICR would be , a difference of from what you are currently paying. If your income increases over time, your payments may increase. Assuming annual income growth of 3.5%, your final monthly payment would be . After making payments for — years, you will have paid a total of and would receive in forgiveness, compared to your current plan where you will pay over the next — years.

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ICR

$0

ICR

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