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's payment
Last month's payment
Total 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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Total balance paid

Total forgiveness






Income-Contingent Repayment Calculator FAQs

1. What assumptions does the ICR Calculator make?

To provide an estimate, we use some assumptions to make this calculation. These assumptions include:

  • If you have a spouse, your spouse does not have student loans.
  • If you have a spouse, you file your taxes as “married filing separately.” (If you file jointly, you must enter the combined income of you and your spouse).
  • All loans are unsubsidized loans for the purposes of interest accumulation.
  • Your family size will remain the same during the life of the loan and poverty guidelines will increase based on the Congressional Budget Office’s estimate of inflation.
  • The interest rate you indicate won’t change during the life of the loan (even for loans with variable interest rates).
  • You meet all eligibility requirements to enroll in ICR (see below).

2. Am I eligible for ICR?

Income-driven repayment (IDR) plans are complicated and rely on various factors. We can’t guarantee that you’re eligible for ICR or any IDR plans simply by using our calculators.

The only requirement for ICR is that you have eligible federal student loans. Eligible loans include:

  • Direct Loans (both Subsidized and Unsubsidized)
  • Direct PLUS Loans (eligible if consolidated for Parent PLUS borrowers
  • Direct Consolidation Loans
  • Federal Stafford Loans (both Subsidized and Unsubsidized, eligible if consolidated)
  • FFEL PLUS Loans (eligible if consolidated)
  • FFEL Consolidation Loans (eligible if consolidated)
  • Federal Perkins Loans (eligible if consolidated)

Note that “eligible if consolidated” indicates that these loans must be consolidated into a Direct Consolidation Loan to qualify.

3. Can I enroll in ICR if I have Parent PLUS loans?

Yes. ICR is the only income-driven plan that allows Parent PLUS loans.

4. Do I have income-driven repayment options other than ICR?

You might. Check out Income-Based Repayment (IBR), Pay As You Earn (PAYE), and Revised Pay As You Earn (REPAYE). You can learn more about each of these programs here. These plans are generally better options for borrowers who are eligible as they have lower monthly payment caps (10% to 15%) as well as shorter repayment periods until forgiveness (as little as 20 years). However, none of these options allow for Parent PLUS Loans.

5. Is student loan forgiveness through ICR taxable?

Yes. According to the IRS, student loan forgiveness received through ICR is generally considered taxable income.

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