IBR Calculator

This calculator can help you determine if you – or you and your spouse if you are married – might qualify for Income-Based Repayment (IBR). This tool works best on a recent version of Firefox, Internet Explorer, Safari or other browser.

Are you married?
Note: Answer "Yes" if you file a joint federal tax return.
What is your federal student loan debt?
Note: Enter the total balance of all of your federal student loans at the time you entered repayment, or your current balance, whichever is larger. This should include loans from the William D. Ford Direct Loan Program and FFELP (guaranteed) loans from private lenders (such as a bank or Sallie Mae). Do not include Parent PLUS loans.
What is your estimated income* this year?
Note: Enter an estimate of your current annual income, excluding your spouse’s income.
What is the interest rate on your federal student loans?
Note: If your interest rate is 6.8% then enter 6.8; if your interest rate is 5% then enter 5. If you have more than one loan with more than one interest rate, estimate or calculate the average of all the interest rates. If you don’t know your interest rate(s), answer 6.8.
Do you live in Alaska or Hawaii?
Note: If you live anywhere in the world besides Alaska or Hawaii, answer "No."
Do you have dependents** other than a spouse?
Note: Note: Include children and others you would count as dependents on your federal tax return, not including a spouse.


Calculator Assumptions

*Income vs. Adjusted Gross Income (AGI):

This calculator uses income as an approximation for Adjusted Gross Income (AGI). Results may therefore be less accurate for users whose income is significantly different from their AGI (for example, users who receive substantial dividends or interest from investments, users who receive alimony payments, users with self-employment deductions, and other situations listed here).

**Dependents for Married Borrowers:

For married borrowers, the calculator also assumes that the couple files a joint tax return (not two individual returns), so that any dependents are claimed jointly.

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