US Finance Calculators Income-Driven Repayment Calculator
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This calculator focuses on federal income-driven repayment plans, which cap payments at a percentage of discretionary income. Enter your income, family size, and loan amount, and it estimates what you'd pay under SAVE, PAYE, IBR, and ICR. The tool explains how discretionary income is calculated for each plan and shows the differences in required payments and interest over time.
It's built for borrowers managing federal student loans who want to understand how income affects their monthly obligation. Federal plan rules are complex and change occasionally, so it's useful for getting a sense of your options before talking to your loan servicer. The income-driven focus makes it less relevant for private loans, but it's the go-to resource for federal borrowers exploring income-based repayment.