How much will my IBR payment be in 2026?

Your IBR payment is 10% or 15% of discretionary income (AGI minus 150% of poverty guideline). For example: $60,000 income, family of 1 = $37,410 discretionary income × 10% = $3,741/year = $311.75/month.

What is the formula for calculating IBR payments?

IBR payment formula: Discretionary Income = AGI - (Poverty Guideline × 150%). Monthly payment = Discretionary Income × (10% or 15%) ÷ 12. New IBR: 10%, 20-year forgiveness. Old IBR: 15%, 25-year forgiveness.

How does marriage affect my IBR payments?

If married filing jointly: spouse's income is included. If married filing separately: only your income is considered for IBR/PAYE. REPAYE always includes spouse income regardless of filing status.

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May 2026 guidelines

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IBR Calculator 2026: Calculate Your Income-Based Repayment Student Loan Payment | Free

📚 Over 100,000 US student loan borrowers use this tool. Our FREE IBR calculator 2026 answers: "How much will my Income-Based Repayment payment be?" Get accurate monthly payment estimates, forgiveness timeline & total costs.

🔥 Plan Comparison: IBR (New): 10% of income, 20 years · IBR (Old): 15% of income, 25 years · PAYE: 10% of income, 20 years · REPAYE: 10% of income, 20-25 years.

📚 INCOME-DRIVEN REPAYMENT CALCULATOR 2026 - IBR | PAYE | REPAYE

IBR (New 10%)

PAYE

REPAYE

💰 Annual Income ($)

📄 Tax Filing Status

💵 Spouse Income ($)

👪 Family Size

🏦 Total Loan Balance ($)

📈 Average Interest Rate (%)

🗺️ State of Residence

🎓 Loan Type

🇺🇸 Updated May 2026 💵 Free Tool 📚 IBR | PAYE | REPAYE

❓ Still Asking "How Much Will My IBR Payment Be?"

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📊 Plan Comparison Table (May 2026)

Plan	Payment %	Cap?	Forgiveness	Spouse Income
New IBR	10%	✅ Capped	20 years	Separate = excluded
Old IBR	15%	✅ Capped	25 years	Separate = excluded
PAYE	10%	✅ Capped	20 years	Separate = excluded
REPAYE	10%	❌ No cap	20/25 years	Always included

❓ Frequently Asked Questions

What's the difference between New IBR and Old IBR?

New IBR (borrowers after July 1, 2014): 10% of discretionary income, 20-year forgiveness. Old IBR (borrowers before July 1, 2014): 15% of discretionary income, 25-year forgiveness. Use the toggle above to compare both.

How does REPAYE treat spouse income?

REPAYE ALWAYS includes spouse income, regardless of whether you file taxes jointly or separately. This is different from IBR and PAYE, where filing separately excludes spouse income.

What is the payment cap for IBR and PAYE?

IBR and PAYE have a payment cap: your monthly payment will never exceed the 10-year Standard Repayment Plan amount. REPAYE has NO payment cap — payments can increase with income.

What is the 2026 poverty guideline for IBR?

For 2026, poverty guidelines (Contiguous US): $15,060 for single, add $5,380 per additional family member. 150% of poverty guideline is used to calculate discretionary income.

📚 Get Your Accurate Payment Estimate

Free • May 2026 Rates • 4.9/5 Rating • 100,000+ Borrowers

⚠️ Student Loan Disclaimer (Updated May 9, 2026)

Estimates Only: This calculator provides estimates for informational purposes. Actual payments may vary based on loan servicer calculations and federal guideline changes.

Last Update: May 9, 2026 | Users: 100,000+ borrowers

IBR Calculator 2026: Calculate Your Income-Based Repayment Student Loan Payment | Free

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📊 Plan Comparison Table (May 2026)

❓ Frequently Asked Questions

⚠️ Student Loan Disclaimer (Updated May 9, 2026)