How is income-driven repayment plan calculated?

The income-driven repayment plan you use. Here are the steps your servicer would take to determine your payment amount.

  1. Calculate your combined federal student loan debt. Your $30,000 plus your spouse’s $50,000 is $80,000.
  2. Find the percentage of the debt you owe.
  3. Multiply the joint payment amount by that percentage.

All categories