This Calculator Allows You to Calculate Student Loan Repayment Based on Income
If you have more student loan debt than you can handle , you may qualify for Income Based Repayment (IBR) . You will still have to repay the loan in full, but IBR is reducing the minimum monthly payment. The IBR Student Loan Hero Calculator gives you an idea of how much you can expect to pay.
The calculator is pretty simple. You enter a small piece of information about your total debt, income, household size, and other relevant details, and the tool gives you an estimate of your monthly IBR payment.
The calculator assumes that your household size will be the same throughout the repayment period and that you have unsubsidized federal loans. The tool also explains the rules behind each factor. It will also tell you how much you can expect to pay in total given your interest rate. Try the link below.
INCOME BASED PAYMENT CALCULATOR (IBR) | Student loan hero