How much is left on your federal loans?
Add all your federal loans together. You'll find the total on your
servicer's statement, or by logging in at studentaid.gov.
Total balance
$
Just federal loans. Leave out private loans, they work differently.
Interest rate
%
A percentage, for example 6.8. If your loans differ, use the average.
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What do you earn before tax?
Use the adjusted gross income from your most recent tax return. If you
file jointly, use the household figure.
Yearly income before tax
$
This is what the income-driven plans base your payment on.
RAP applies its percentage to your whole income. The older
plans subtract a poverty threshold first. That difference is why the numbers on the
next screen vary so much.
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Who else is in your household?
Household size sets your poverty line, which the older plans subtract.
Dependent children take $50 a month off your RAP payment each.
People in your household
Including you.
Dependent children
Claimed on your tax return.
Where do you live?
The lower 48 states or DC
Alaska
Hawaii
Alaska and Hawaii have higher poverty lines, which lowers payments on the older plans.
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When is your servicer's notice dated?
Optional, but worth adding. Your 90-day clock starts from the date on
that letter, not from when everyone else's started.
If you do nothing, your servicer picks for you. That's usually
the most expensive plan you qualify for.