Income-Contingent Repayment (ICR) Calculator
Calculate what your monthly payment would be using the ICR Repayment Plan
Under the Income Contingent Repayment (ICR) Plan, the borrower's monthly payments are recalculated each year on the basis of the borrower's income, family size, and student loan indebtedness. If the borrower hasn't fully repaid his or her loans after 25 years, the remainder will be forgiven, but the borrower may have to pay taxes on the amount that is discharged.
Additional information regarding ICR is available at TG Online.
This calculator uses 2013 U.S. Department of Health and Human Services data and 2013 Income Percentage Factors from the U.S. Department of Education.
This calculator is provided for estimation purposes only. Specific details about eligibility and payments will be determined during the ICR application process.