NEW FOR 2026

RAP Student Loan Calculator

Repayment Assistance Plan — effective March 22, 2026 • Based on P.L. 119-21 (One Big Beautiful Bill Act)

Your Income

Annual AGI ($) Adjusted Gross Income from your tax return

Number of Dependents Claimed on your federal tax return

Filing Status

State of Residence

Your Student Loans

Total Loan Balance ($) Total federal Direct Loan balance

Average Interest Rate (%) Weighted average across all loans

Loan Type

Borrower Status

New borrowers have access to RAP or Standard Repayment only. Existing borrowers may stay on IBR or switch to RAP.

PSLF and Forgiveness

Pursuing PSLF? Public Service Loan Forgiveness (10 years)

Qualifying Payments Made Payments already counted toward PSLF

Expected Annual Income Growth (%) For 10-year total cost projection

Spouse Income on RAP? (MFS)

Loan Eligibility Check

I have Parent PLUS loansNOT eligible for RAP Currently in SAVE forbearanceWill transition to RAP July 2026 Consolidated after July 1, 2026Treated as new borrower Currently on PAYE or ICRPlans being phased out

Monthly Payment Breakdown

Your AGI

RAP rate applied

Monthly payment

After dependents

Plan Comparison — What You Would Pay Monthly

Tip: RAP vs IBR depends heavily on your income-to-debt ratio. Run both before deciding.

10-Year Cost Projection

Important Dates and Rules for You

This calculator is for educational purposes only. RAP launches March 22, 2026 per P.L. 119-21. Consult your loan servicer or a student loan advisor before making repayment decisions. Results are estimates only.