SAVE Student Loan Repayment Calculator

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  • SAVE Student Loan Repayment Calculator
Author: Joseph Reinke, CFA

Student loan repayment is right around the corner. The Biden Administration that a new student loan repayment plan called SAVE will be replacing REPAYE.

To help you understand how this new student loan repayment plan could affect your current situation, we have created our comprehensive SAVE student loan repayment calculator to simulate multiple plans and see which one works best for you.

SAVE Monthly Student Loan Payments

First things first, SAVE significantly reduces monthly student loan payments.

Therefore, many people that thought they were going to pay off their student loans fast or use another income driven repayment plan may be changing their game plan.

In the next section, I detail the changes that will be effecting monthly payments.

What A SAVE Calculator Should Include

SAVE is calculated based on your discretionary income. This new plan primarily targets how discretionary income is calculated.

The SAVE calculator you use should take into account all the information that is needed based on the new rules put out by the Biden administration.

This includes the latest 2023 federal poverty line numbers when calculating monthly payments, adjustments to AGI going from 125% to 225% of the poverty line, payments being 5% of your adjusted gross income for undergrad loans, and the ability to factor in filling separately vs jointly.

You should also be able to compare various plans such as PAYE vs IBR. FitBUX’s SAVE calculator allows you to do just that and incorporates all the proposed guidelines of the Biden Administration.

You can model different income driven repayment plans and standard plans including:

– New Revised Pay As You Earn (REPAYE) also referred to as SAVE

– Pay As You Earn (PAYE)

– Standard 10-Year repayment

– 25-Year/Old IBR

– Refinancing

REPAYE Calculator

SAVE Calculator Plus Financial Planning

Your life is more than just student loans. Therefore, you should use a SAVE calculator that incorporates all your finances.

FitBUX allows you to build an entire financial plan that takes into account all of your factors and goals, including your student loans.

Our platform provides a comprehensive view of your finances, allowing you to create multiple simulations and determine which plan will give you the most benefit.

Our simulation engine is built on advanced algorithms and artificial intelligence capabilities that help make sure you get accurate results when building out different scenarios for yourself.

FitBUX is the only platform that gives users an easy-to-use tool that lets them build out their financial plans, compare different loan options, and determine which one works best for them. The ability to simulate multiple plans provides users with an unprecedented amount of information so they can confidently make informed decisions regarding their student loans under the new Biden administration policies.

REPAYE Financial Planning Calculator

Frequently Asked Questions

What is the difference between SAVE and  REPAYE?

SAVE is the modified version of REPAYE that’s been proposed by the Biden administration. There are many key differences between the original plan and the new proposal, which I outline in our SAVE student loan repayment plan guide.


At FitBUX, we are committed to helping you make the best decisions for your financial future.

Our SAVE Calculator allows you to compare different plans and simulate multiple options so that you can find the one that works best for you.

With our comprehensive view of your finances, including student loans under SAVE, as well as advanced algorithms and artificial intelligence capabilities – all in an easy-to-use platform – we believe that we have created a tool unlike any other out there today.

Plus you can chat with one of our expert student loan planners!

Now is the time to take control of your financial life with FitBUX!

Joseph Reinke, CFA

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About the Author

Joseph Reinke is a Chartered Financial Analyst (CFA) Charter Holder and founder of FitBUX which has helped over 14,000 young professionals on their journey to financial freedom. Joseph has been personally investing since he was 12 years old.

In addition, he has experience in student loans, mortgages, wealth management, investment banking, valuation, stock trading, and option trading. He has been on 100s of podcast and has been invited to 100s of universities to discuss financial planning with their soon to be graduates.

  • This is a great article. I signed up to use the calculator on FitBUX and scheduled a call with a Coach. It was awesome.

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