Free Tool · 2026
RAP Student Loan Calculator
Estimate your monthly payment under the new Repayment Assistance Plan and compare it to SAVE and IBR.
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Enter Your Information
Your Estimated Monthly RAP Payment
$—
per month under the new Repayment Assistance Plan
New Plan
RAP (2026)
$—
1–10% of AGI
30-yr forgiveness
30-yr forgiveness
Current Plan
$—
—
Standard (10yr)
$—
Fixed payments
No forgiveness
No forgiveness
Full Payment Breakdown
Your Annual AGI
—
RAP Rate Applied
—
Annual Payment (before dependent deduction)
—
Dependent Deduction
—
Monthly RAP Payment
—
Monthly Interest Accruing
—
Interest Covered by Payment?
—
Estimated Total Paid Over 30 Years
—
Estimated Balance Forgiven at Year 30
—
Want to Compare Private Refinancing?
If your RAP payment feels high, it may be worth checking private refinancing rates. Lenders like SoFi (from 4.24% fixed APR), Earnest (from 3.71%), and ELFI (from 4.29%) let you check your personalized rate in minutes with no impact to your credit score. The marketplace Credible compares multiple lenders at once. Keep in mind: refinancing federal loans to private loans means permanently giving up RAP, IBR, and PSLF eligibility.
SoFi — from 4.24% APR
Earnest — from 3.71% APR
ELFI — from 4.29% APR
Credible — compare multiple lenders
Splash Financial — banks & credit unions
Disclaimer: This calculator provides estimates only. Actual RAP payments will be determined by the Department of Education based on your specific loan details, family size, and the official payment schedule. Interest rate examples use approximate rates. Refinancing rates shown for SoFi, Earnest, ELFI, and other lenders are subject to change and depend on borrower creditworthiness. Always verify your options at studentaid.gov and directly with lenders before making any financial decisions.