Finance Tools
SAVE Plan Calculator
Estimate your student loan payment under a simplified SAVE Plan model using discretionary income. Optionally compare payment vs estimated monthly interest.
Estimate your student loan payment under a simplified SAVE Plan model using discretionary income assumptions. This is a planning tool — your servicer’s official calculation may differ based on loan type, income definitions, and program rules.
This checks whether your estimated SAVE payment likely covers monthly interest. Actual interest subsidy rules can differ — treat as an approximation.
How to use this save plan calculator
- Enter your annual AGI and family size.
- Enter a poverty guideline value (editable) and choose the multiplier (e.g., 225%).
- Set the payment percentage applied to discretionary income.
- Optionally enter loan balance and APR to compare payment vs monthly interest.
- Calculate to estimate monthly and annual payments.
Example
If your AGI is $55,000 with family size 1 and a 225% poverty threshold, this tool estimates:
- Discretionary income used for the SAVE calculation
- Estimated monthly and annual payment under SAVE
- 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.