Is the Income Based Repayment Calculator free?

Yes. The Income Based Repayment Calculator on calculpage is completely free with no account required.

Yes. All calculations run entirely in your browser. Nothing you enter is transmitted to any server.

What category does the Income Based Repayment Calculator belong to?

The Income Based Repayment Calculator belongs to the Financial category on calculpage.

Financial

Calculate your monthly IBR payment based on income and family size.

Loan Balance

Interest Rate (%)

Adjusted Gross Income

Family Size

IBR = max(0, (AGI - 150% x Poverty Line) x 10%) / 12. Poverty Line = $14,580 + $5,140 per additional family member.

Mortgage

Loan

Auto Loan

Interest

Payment

Retirement

What happens if my payment is less than the interest?▼

If your IBR payment does not cover accruing interest, the unpaid interest may capitalize (be added to principal) depending on the specific plan.

How does IBR compare to SAVE?▼

The newer SAVE plan uses 225% of the poverty line threshold and caps interest, often resulting in lower payments than IBR for low-income borrowers.

Do I need to recertify my income?▼

Yes. Income-driven repayment plans require annual recertification of income and family size to recalculate your payment.

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