The IMA Student Loan Repayment Calculator is free and does not require an account. It gives a planning estimate for health professions students.
Step 1: Choose Your Profession
Under I want to be a, pick your health profession: Physician (Medicine), Physician (Surgeon), Physician Assistant, Registered Nurse, Dentist, Pharmacist, Optometrist, Podiatrist, Psychologist, Physical Therapist, Occupational Therapist, Audiologist, Veterinarian, Dietitian, Speech-Language Pathologist, Social Worker or Master of Public Health.
Choosing a profession fills in an average student loan debt and salary for that field. You can edit any number to match your situation.
Step 2: Set When Repayment Starts
Under I will pay off loans starting, pick the month and year you expect to make your first payment. For physicians, that is often after residency. The calculator starts repayment on this date and does not separately model school, grace or residency periods.
Step 3: Check Your Debt, Salary and Rate
Student loan debt: include your principal and any unpaid interest already added to it.
Salary (before tax): the calculator applies an estimated federal tax rate for your profession to show your take-home pay. It does not include state taxes or other deductions.
Direct Unsubsidized Loan rate: check the rates on your loans in your Federal Student Aid or loan servicer account. If you have several loans, run each loan separately or use a weighted average rate.
Step 4: Choose Your Payment Target
Use the slider to set the share of your monthly take-home pay you want to put toward loans. The default is 15%. If the payment would not cover the monthly interest, the calculator asks you to raise the percentage.
Your Results
Monthly payment and total number of payments
Payoff date
Total interest and total amount paid
A balance-over-time chart and a monthly breakdown of principal and interest
What the Calculator Does Not Do
It is not an income-driven repayment, RAP or Public Service Loan Forgiveness calculator, and it does not use the federal plan formulas that took effect July 1, 2026.
It does not include forgiveness, refinancing, variable private loan rates, fees or changes in income.
For official federal plan comparisons, use the Loan Simulator on StudentAid.gov and talk with your school's financial aid office.
Frequently Asked Questions
Is it free? Yes, and no account is needed.
Can I change the average debt and salary? Yes. The profession defaults are a starting point; edit any field.
How should I plan around residency? Try two scenarios: one with an expected resident salary and one with a conservative salary after training.