Income-Driven Repayment Calculator
Calculate your monthly student loan payment under Income-Driven Repayment (IDR) plans including SAVE, PAYE, and IBR.
IDR Calculator
Recommendation
Your payment-to-income ratio is very manageable. Consider Standard plan to pay off faster.
Standard 10-Year Plan
Include yourself, spouse, and dependents
Income Summary
Loan Forgiveness Comparison
About Loan Forgiveness
- • Timeline: 20-25 years depending on plan
- • Tax Treatment: Forgiven amounts may be taxable as income (check current law)
- • Requirements: Must recertify income and family size annually
- • Public Service: PSLF offers tax-free forgiveness after 10 years for qualifying jobs
Income-Driven Repayment Tips
- Recertify annually: Must submit income and family size yearly to stay enrolled
- SAVE plan benefits: Lowest payments, interest subsidy, shortest forgiveness timeline
- PSLF eligible: IDR plans qualify for Public Service Loan Forgiveness (10 years)
- Payment cap: Most IDR plans cap payments at the standard 10-year amount
- $0 payments count: Months with $0 payments still count toward forgiveness
- File separately: Married borrowers may benefit from filing taxes separately (SAVE/PAYE)
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