When and how much you borrow is a primary factor for evaluating your income-driven repayment options.
For the most accurate simulation, bring your actual loan information over from the VIN Foundation
My Student Loans tool.
As part of the
COVID-19 interest and payment suspension, federally held interest rates are set to 0% and payments are suspended automatically. The benefits began March 13, 2020 and will end either 60 days after a decision on the special one-time cancellation benefits is made or no later than 60 days after June 30, 2023 if no decision is made before then. The simulator is currently set to end the benefits on
August 30, 2023. Use the dropdown list below to project the number of months this interest and payment suspension might be extended beyond that date.
As the name implies, income-driven repayment plans are highly dependent on changes to your income.
Enter your income information as best as you can or let us project it for you.
Your income-driven payments can be based on your
taxable income, specifically your Adjusted Gross Income (AGI) from a recently filed tax return. Enter your most recent AGI as Your Annual Income when available.
If you file a tax return before you graduate, your income-driven repayment plan payment can be $0/month for the first 12 months of repayment and very low in the second 12 months of repayment. Most new graduates will have little to no income during their final year and only half a year’s income in their graduation year. Click the button below to automatically adjust your first two income year inputs.
Review the new graduate student loan playbook for more information.
Since federal income-driven repayment plans are tied to your yearly income and family size,
the simulation will be highly dependent on your specific family situation.
Spouse's Current/Anticipated Repayment Plan
Dependent Information