Adjusted Gross Income (AGI) Calculator

Estimate your income. Understand your options. Stay on track.

If your income has changed since you last filed taxes — or if you want to use recent pay stubs instead of your tax return — this calculator helps you estimate your Adjusted Gross Income (AGI) based on your current earnings and pre-tax deductions.

Your AGI is a key factor used to determine eligibility and payment amounts for programs like Income-Driven Repayment (IDR), Loan Rehabilitation (REHAB), and the Repayment Assistance Plan (RAP).

💡 Reminder: Enter amounts without commas (type 15000 instead of 15,000).

🧾 What Is AGI?

Adjusted Gross Income (AGI) is your total income before taxes, minus certain deductions like retirement contributions, health insurance premiums, or HSA/FSA contributions.

It represents your true, adjusted earnings — and is what federal programs use to calculate your student loan payments or financial assistance eligibility.

If your income has decreased since you filed taxes, estimating your current AGI helps ensure you’re placed in the most affordable repayment plan possible.

⚙️ How Your AGI Is Calculated

Your estimated AGI is based on:

Your gross pay per pay period (from your recent pay stub)
Any pre-tax deductions (like 401(k), HSA, or medical premiums)
Your pay frequency (weekly, bi-weekly, semi-monthly, or monthly)

The formula:

(Gross Pay – Pre-Tax Deductions) × Pay Frequency = Estimated Annual Income (AGI)

Estimated Monthly Income = Annual Income ÷ 12

This gives you a current-year income estimate — helpful if your earnings have changed since your last tax filing.

🧮 How to Use This Calculator

Enter your gross pay from your most recent pay stub.
Subtract any pre-tax deductions (retirement, medical, etc.).
Select your pay frequency (e.g., monthly, bi-weekly, weekly).
View your estimated annual and monthly AGI.

💡 Why It Matters

Your AGI determines which repayment or relief programs you qualify for — and how low your monthly payment could be.

If your income has gone down, estimating your AGI ensures you’re evaluated based on your current financial situation, not last year’s.

Once you have your AGI, you can use it in any of these calculators:

🧭 What’s Next

Once you know your estimated AGI, use it to:

Recalculate your student loan payment estimates
Update your servicer if your income has changed
Explore which federal or state programs fit your current situation

Need help? Our team can guide you through the next steps — from verifying your income to applying for a new repayment plan.