This calculator compares the cost of repaying Federal student loans using the Income-Based Repayment (IBR) option and the standard repayment option, including the net present value of those payments.

The Income-Based Repayment option was proposed as part of the College Cost Reduction and Access Act of 2007 and will become available on July 1, 2009.

Please click on the field names for help in using this calculator. For more information about discount rates, see also the discussion of net present value.

Please note that the HHS Poverty Tables are typically updated in February.

Table Year: 19981999200020012002200320042005200620072008
Family Size:	Discount Rate:		CPI:
State of Residence: Continental U.S.HawaiiAlaska	Income Growth Rate:		Poverty Level Change Rate:
Loan Forgiveness
Year of Forgiveness: 10 Years (Public Service)25 Years
	STUDENT		SPOUSE
Adjusted Gross Income (AGI):
Expected Income Jump (Enter New AGI):
Years After Graduation:
	Unsubsidized Loan Amount	Interest Rate	Subsidized Loan Amount	Interest Rate
First Loan:
Second Loan:
	INCOME-BASED REPAYMENT		FIXED MONTHLY REPAYMENT
Loan Term:	25 Years		10 Years12 Years15 Years20 Years25 Years30 Years
Minimum Payment:
Interest Rate Reduction:
... after month:
Display full payment schedule? Yes No