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-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.
- IDR Plan Comparison Calculator
Compare income-driven repayment (IDR) plans including IBR, PAYE, SAVE, and ICR. See estimated monthly payments and annual costs side by side.
- Student Loan Forgiveness Calculator
Estimate remaining student loan balance and potential forgiveness after a chosen timeline based on your expected monthly payment. Optionally estimate taxes on forgiven amount.
- SAVE Plan Calculator
Estimate your student loan payment under a simplified SAVE Plan model using discretionary income. Optionally compare payment vs estimated monthly interest.