Income Percentage Factors

(Based on Annual Income)

Single
Income

% Factor

7,669
10,552
13,578
16,673
19,629
23,356
29,337
36,793
44,251
53,185
68,101
96,452
110,592
196,984

55.00%
57.79%
60.57%
66.23%
71.89%
80.33%
88.77%
100.00%
100.00%
111.80%
123.50%
141.20%
150.00%
200.00%

Married and Head of Household
Income
% Factor
7,669
12,101
14,422
18,853
23,356
29,337
36,793
44,251
55,438
74,080
100,180
140,106
228,943

50.52%
56.68%
59.56%
67.79%
75.22%
87.61%
100.00%
100.00%
109.40%
125.00%
140.60%
150.00%
200.00%

CONSTANT MULTIPLIER CHART FOR 12-YEAR AMORTIZATION
Interest
Rate

7.00%

7.25%

7.46%

7.50%

7.75%

8.00%

8.25%

8.38%

8.50%

8.75%

9.00%

Annual
Constant
Multiplier

0.123406

0.125011

0.126368

0.126627

0.128255

0.129894

0.131545

0.132408

0.133207

0.134880

0.136564

14-36

Income Contingent Repayment Plan
Sample First-Year Monthly Repayment Amounts for a Single Borrower at Various Income and Debt Levels
Initial Debt
Income

$2,500

$5,000

$7,500

$10,000

$12,500

$15,000

$17,500

$20,000

$22,500

$25,000

$30,000

$35,000

$40,000

$45,000

$50,000

$55,000

$60,000

$65,000

$70,000

$75,000

$80,000

$85,000

$90,000 $100,000

$1,000

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

2,000

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

3,000

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

4,000

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

5,000

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

6,000

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

7,000

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

8,000

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

9,000

15

16

16

16

16

16

16

16

16

16

16

16

16

16

16

16

16

16

16

16

16

16

16

16

10,000

16

31

33

33

33

33

33

33

33

33

33

33

33

33

33

33

33

33

33

33

33

33

33

33

12,500

16

33

49

65

74

74

74

74

74

74

74

74

74

74

74

74

74

74

74

74

74

74

74

74

15,000

17

35

52

69

87

104

116

116

116

116

116

116

116

116

116

116

116

116

116

116

116

116

116

116

17,500

19

37

56

74

93

112

130

147

156

158

158

158

158

158

158

158

158

158

158

158

158

158

158

158

20,000

20

40

60

80

100

120

140

159

179

199

199

199

199

199

199

199

199

199

199

199

199

199

199

199

22,500

21

43

64

86

107

129

150

172

193

215

241

241

241

241

241

241

241

241

241

241

241

241

241

241

25,000

23

45

68

91

113

136

159

181

204

227

272

283

283

283

283

283

283

283

283

283

283

283

283

283

30,000

25

49

74

98

123

148

172

197

221

246

295

344

366

366

366

366

366

366

366

366

366

366

366

366

35,000

27

53

80

107

133

160

187

213

240

267

320

373

426

449

449

449

449

449

449

449

449

449

449

449

40,000

27

55

82

110

137

164

192

219

247

274

329

384

438

493

533

533

533

533

533

533

533

533

533

533

45,000

28

55

83

Income Contingent Repayment Plan
Sample First-Year Monthly Repayment Amounts for a Married or Head-of-Household Borrower at Various Income and Debt Levels
(Family Size=3)
Initial Debt
Income

$2,500

$5,000

$7,500

$10,000

$12,500

$15,000

$17,500

$20,000

$22,500

$25,000

$30,000

$35,000

$40,000

$45,000

$50,000

$55,000

$60,000

$65,000

$70,000

$75,000

$80,000

$85,000

$90,000 $100,000

$1,000

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

2,000

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

3,000

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

4,000

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

5,000

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

6,000

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

7,000

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

8,000

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

9,000

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

10,000

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

12,500

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

15,000

17

23

23

23

23

23

23

23

23

23

23

23

23

23

23

23

23

23

23

23

23

23

23

23

17,500

18

36

54

64

64

64

64

64

64

64

64

64

64

64

64

64

64

64

64

64

64

64

64

64

20,000

19

38

57

76

95

106

106

106

106

106

106

106

106

106

106

106

106

106

106

106

106

106

106

106

22,500

20

40

61

81

101

121

121

142

148

148

148

148

148

148

148

148

148

148

148

148

148

148

148

148

25,000

22

43

65

86

108

129

129

151

172

189

189

189

189

189

189

189

189

189

189

189

189

189

189

189

30,000

24

49

73

97

122

146

146

170

194

219

249

273

273

273

273

273

273

273

273

273

273

273

273

273

35,000

27

53

80

106

133

160

160

186

213

239

266

319

356

356

356

356

356

356

356

356

356

356

356

356

40,000

27

55

82

110

137

164

164

192

219

247

274

329

438

439

439

439

439

439

439

439

439

439

439

439

45,000

28

55

83

110

138

165

165

193

221

248

276

331

441

496

523

523

523

523

523

523

523

523

523

523

50,000

29

57

86

115

144

172

172

201

230

259

287

345

460

517

575

606

606

606

606

606

606

606

606

606

55,000

30

60

90

120

149

179

179

209

239

269

299

359

478

538

598

657

689

689

689

689

689

689

689

689

60,000

31

62

93

124

155

186

186

217

248

279

310

372

496

559

621

683

745

773

773

773

773

773

773

773

65,000

32

64

97

129

161

193

193

225

257

290

322

386

515

579

643

708

772

837

856

856

856

856

856

856

70,000

33

67

100

133

167

200

200

233

267

300

333

400

533

600

666

733

800

866

933

939

939

939

939

939

75,000

34

69

103

138

172

206

206

241

275

310

344

413

551

619

688

757

826

895

963

1,023

1,023

1,023

1,023

1,023

80,000

35

70

106

141

176

211

211

247

282

317

352

423

564

634

705

775

845

916

986

1,057

1,106

1,106

1,106

1,106

85,000

36

72

108

144

180

216

216

252

288

324

360

433

577

649

721

793

865

937

1,009

1,081

1,153

1,189

1,189

1,189

90,000

37

74

111

148

184

221

221

258

295

332

369

442

590

664

737

811

885

958

1,032

1,106

1,180

1,253

1,273

1,273

95,000

38

75

113

151

188

226

226

264

301

339

377

452

603

678

754

829

904

980

1,055

1,131

1,206

1,356

1,356

1,356

100,000

39

77

116

154

193

231

231

270

308

347

385

462

616

693

770

847

924

1,001

1,078

1,155

1,232

1,309

1,386

1,439

Sample repayment amounts are based on an interest rate of 8.25%.