Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How is the monthly payment calculated on my federal student loans using the Income-Based Repayment (IBR) Plan?

April 26, 2017calculated Federal IBR income-based payment Plan repayment student loans

0

Posted

How is the monthly payment calculated on my federal student loans using the Income-Based Repayment (IBR) Plan?

1 Answer

0

Posted

Your monthly loan payment is initially based on your household’s adjusted gross income (AGI), your household size, the state where you live, and the federal poverty guidelines. For more information about IBR, visit our IBR Plan page.