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Income Contingent Repayment Calculator

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

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


Table Year:
Family Size:
Discount Rate:
CPI:
State of Residence:
Income Growth Rate:
Poverty Level Change Rate:
 
Loan Forgiveness
Year of Forgiveness:
 
 
 
  STUDENT SPOUSE
Adjusted Gross Income (AGI):
Expected Income Jump (Enter New AGI):
   Years After Graduation:
  Loan Amount Interest Rate Loan Amount Interest Rate
First Loan:
Second Loan:
 
  INCOME CONTINGENT REPAYMENT FIXED MONTHLY REPAYMENT
Loan Term:
Minimum Payment:
Interest Rate Reduction:
... after month:
 
Display full payment schedule? Yes No

Acknowledgments

This ICR calculator is based, in part, upon published income percentage factors and poverty guidelines provided by the federal government. It was implemented by Mark Kantrowitz, in collaboration with Tai Hsia and Professor Philip G. Schrag of the Georgetown University Law Center.

 

 
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