Destination Financial Wellness Simple Interest Loan Repayment Calculator

Federal Student Loan Income Based Repayment Simulator

Estimate Your Loan Balance

Which label best describes your education program's type?

*Loan Principal and Interest Rate are based on national averages corresponding to program type.

Enter a custom loan principal:

Loan Snapshot

Projected Adjusted Gross Income:¹

Household Size:

Expected Annual Income Growth:

Loan Principal:

Discretionary Income:

Interest Rate:

Loan Term:

Year	Discretionary Income	Annual Payment	Monthly Payment	Remaining Principal

1) Projected Adjusted Gross Income is the amount that you project you will earn annually after graduation. If you are married and file your taxes jointly with your spouse, combine your Adjusted Gross Incomes.

2) Discretionary income is based on 2021 Poverty Guidelines for the 48 Contiguous States and the District of Columbia. This calculator assumes that your monthly loan payment will not exceed 10% of your discretionary income.

3) Eligibility for IBR plans is contingent upon the borrowers monthly payment being less than they would pay under the Standard Repayment Plan within a 10-year period. For more eligibility information visit this site. For more detailed information regarding federal student loans as a whole, please visit StudentAid.gov or review this document.