Estimate student loan payments two ways: a standard amortizing plan and an income-driven repayment estimate.
Estimate federal or private student loan payments two ways: a standard amortizing plan (fixed monthly payment over a set term) and an income-driven estimate (about 10% of income above 225% of the federal poverty line).
Federal loans are repaid to your servicer, not through payroll.
By amortizing the balance over the loan term at the stated interest rate to a fixed monthly payment.
They cap payments at a percentage of discretionary income — income above 225% of the federal poverty guideline for your household size.