Finance Tools
ICR Plan Calculator
Estimate your student loan payment under a simplified ICR (Income-Contingent Repayment) model using discretionary income. Optionally compare payment vs estimated monthly interest.
Estimate your student loan payment under a simplified ICR (Income-Contingent Repayment) model using discretionary income assumptions. This is a planning estimate — official ICR calculations can include alternate formulas and caps.
Checks whether the estimated ICR payment likely covers monthly interest (approx).
How to use this icr plan calculator
- Enter your annual AGI and family size.
- Enter a poverty guideline value (editable) and set the multiplier (commonly ~100%).
- Set the payment percentage applied to discretionary income (commonly modeled higher than other IDR plans).
- Optionally enter loan balance and APR to compare payment vs monthly interest.
- Calculate to estimate monthly and annual ICR payments.
Example
If your AGI is $55,000 with family size 1, this tool estimates:
- Discretionary income used for the ICR calculation
- Estimated monthly and annual payment
- Whether the payment likely covers monthly interest (optional)
More tools in Finance Tools
- Income-Based Repayment (IBR) Calculator
Compare a standard student loan payment with an income-based repayment amount based on your annual income and payment percentage.
- Education Loan Repayment Calculator
Calculate education loan repayments for monthly, biweekly, or weekly schedules. See repayment amount, total repaid, and total interest.
- Parent PLUS Loan Repayment Calculator
Estimate Parent PLUS loan repayment amounts and total interest for a fixed-rate loan. Compare monthly, biweekly, and weekly repayment schedules.
- Income-Driven Repayment (IDR) Calculator
Estimate your monthly payment under an income-driven repayment (IDR) plan based on income, family size, and payment percentage. Compare IDR with standard repayment.