Manage Your Money

Master the skills that can help you manage money throughout life.

Find Out If You Qualify for Income-Based Repayment

Determine if you may be eligible for IBR.

If you qualify for Income-Based Repayment (IBR), your income, your total federal student loan debt, and the size of your family are all factors that will determine your monthly student loan payment amount. This calculator helps you determine if you may be eligible for IBR, and it estimates your monthly payment amount if it appears that you do qualify for IBR.

I. Family size1

How many people including you live in your household? Be sure to include your spouse (if you are married), children, and any other dependents.

II. Income2

What was your Adjusted Gross Income (AGI) as reported on last year’s federal income tax return? If you are married and filed a join t tax return, include your spouse’s income. If your AGI is unknown, estimate your annual pre-tax earnings.


III. Federal student loan debt3

Did you receive your first loan on or after July 1, 2014? No
What is the interest rate of your federal student loan?
What was your total amount of federal student loan debt? Use the higher of either the total amount when you initially entered repayment or your current outstanding balance.
(look up on myTG)


If you are married and your spouse has federal student loan debt, and you filed a joint tax return, what was the higher of either the amount of your spouse’s total debt when he or she entered repayment or their current outstanding balance?


IV. State of Residence

The Continental U.S.

Additional information regarding IBR is available at TG Online.


1 For the purpose of IBR, your family size includes your children (including unborn children who will be born during the year for which you apply for IBR) if you provide more than half of the children's support. Your family size can also include other individuals if, at the time you apply for IBR, those individuals:

  • Live with you; and
  • Receive more than half of their support from you and will continue to receive this support during the year for which you apply for IBR.

Support includes money, gifts, loans, housing, food, clothes, car, medical and dental care, and payment of college costs.

2 If you did not file a federal income tax return last year, or if your income has changed significantly since filing the return, please enter the amount you earned last year. You may be required to provide alternative income documentation to your lender for their determination of your eligibility for IBR.

3 Federal student loan debt for the purpose of IBR includes FFELP and Direct Stafford and Grad PLUS loans, as well as Consolidation loans as long as they do not include a parent PLUS loan.


This calculator uses 2016 U.S. Department of Health and Human Services data. This calculator also uses 6.8% as the student loan interest rate for calculation purposes.

This calculator is provided for estimation of IBR eligibility purposes only. Specific details about eligibility and payments will be determined by your lender or servicer during the IBR application process.

Your browser is out-of-date!

Update your browser to view this website correctly. Update my browser now