Student Loan Income-Based Repayment (IBR) Calculator

Income Based Repayment (IBR) is a repayment plan available to federal student loan borrowers. It is based on the idea that how much you pay each month should be based on your ability to pay, not how much you owe. When applying for IBR, the government looks at your income, family size, and state of residence to calculate your monthly payments.

First month's payment$152
Final payment$383
Total balance paid$60,238
Total forgiveness$0
Repayment term210mo

First month's payment

Final payment

Total balance paid

Total forgiveness






IBR Calculator FAQs

You can use IBR as short-term relief if you can’t make payments, or pursue it as a long-term strategy to pay off your loans depending on your situation.

Your payments are set at 10 to 15 percent of your income. Student loan forgiveness is available after 20 to 25 years of payments. However, not all borrowers will receive forgiveness, as it is possible that you could pay off your entire balance before 20 to 25 years, depending on your income and loan situation.

In this calculator, we assume that your family size will remain constant throughout your repayment and that your loans are all unsubsidized federal loans.

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