Work out income driven repayment instantly with clear inputs, formula shown and shareable results.
Income-driven plans ignore the loan balance and set the payment from income instead: a fixed percentage of discretionary income, defined as income above a protected threshold that reflects household size.
Income-driven payment
Monthly = (Income - threshold) × share / 12
Figures are estimates. Lenders apply their own rounding, fees and eligibility rules, and rates change. This is not financial advice — confirm the numbers with your lender.
Discretionary income is zero, so the required payment is zero while still counting towards forgiveness in most schemes.
Yes. If the payment is below accruing interest the balance rises, which is why interest subsidies matter in these plans.