Can anyone tell me the easiest way to calculate/estimate my IBR payments for next year (intern year?) I have used the studentloan.gov calculator, AAMC FIRST medloans calculator, and the following equation:
"IBR is a repayment plan with monthly payments that are limited to 15% (10% if you are a new borrower) of your discretionary income. Discretionary income for this plan is the difference between your adjusted gross income and 150% of the poverty guideline amount for your state of residence and family size, divided by 12. To initially qualify for IBR and to continue making income-based payments under this plan, you must have a partial financial hardship (see definition)"
All 3 give me different numbers. Any advice? Thanks!
"IBR is a repayment plan with monthly payments that are limited to 15% (10% if you are a new borrower) of your discretionary income. Discretionary income for this plan is the difference between your adjusted gross income and 150% of the poverty guideline amount for your state of residence and family size, divided by 12. To initially qualify for IBR and to continue making income-based payments under this plan, you must have a partial financial hardship (see definition)"
All 3 give me different numbers. Any advice? Thanks!
