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Income-Driven Repayment Calculator (RAP)

Estimate your RAP student loan payment — the income-driven plan that replaced SAVE.

Updated July 2026 · Figures verified July 2026 (sources) · Editorial standards

Your estimated RAP payment
$229.17/mo
Annual payment
$2,750
AGI tier
5% of AGI
Before dependent deduction$229.17Dependent deduction−$0/moForgiveness30 yrs

The SAVE plan ended by court order in March 2026 — servicers began moving borrowers to new plans on July 1, 2026. RAP is the only income-driven option for loans first disbursed on or after July 1, 2026; borrowers whose loans all predate that can still use IBR (PAYE and ICR remain until July 2028).

Your details (RAP)

$

Key figures

Monthly payment
$229.17
Annual payment
$2,750
AGI tier
5% of AGI
Dependent deduction
−$0/mo

Under RAP your estimated payment is $229.17/month — 5% of your $55,000 AGI, divided by 12.RAP waives unpaid interest while you make your payment and matches up to $50/month toward principal, with forgiveness after 30 years of payments. Income-Based Repayment (IBR) remains available to existing borrowers — 10–15% of discretionary income with 20–25-year forgiveness.

RAP payment
$229.17/mo
By KalkWiseVerified against official sources Updated July 2026

What is the income-driven repayment (rap) calculator 2026?

In short

The Repayment Assistance Plan (RAP) — the income-driven plan that replaced SAVE in July 2026 — sets your payment at 1–10% of AGI based on income, minus $50 per tax-return dependent, with a $10/month minimum. A borrower with $65,000 AGI and 2 dependents pays 6% of AGI ($325/mo) − $100 = $225/month.

Estimates your monthly federal student loan payment under the Repayment Assistance Plan (RAP) based on your adjusted gross income and number of dependents claimed on your tax return. RAP is the only income-driven option for loans first disbursed on or after July 1, 2026; borrowers with only older loans can still choose IBR.

How to use this calculator

  1. 1Enter your adjusted gross income (AGI).
  2. 2Enter your number of tax-return dependents (each reduces the payment by $50/month).
  3. 3See your RAP percentage tier, monthly payment, and annual payment.
  4. 4Compare the result to the standard 10-year plan to decide whether RAP lowers your bill.

The formula

discretionary=AGI−(225%×FPL)
payment=discretionary×rate12
payment = max(AGI × rate / 12 − 50 × dependents, 10); AGI ≤ $10,000 pays the $10 minimum
AGI
— Adjusted gross income (total, not discretionary)
rate
— 1–10%, tiered by $10,000 AGI bracket ($10,001–20,000 → 1%; $20,001–30,000 → 2%; … above $100,000 → 10%)
dependents
— Dependent children ($50/month deduction each)
payment
— AGI × rate / 12 − $50 × dependents, floored at $10/month

Worked example

The scenario

$65,000 AGI with 2 dependents.

gives

The result

AGI in the $60,001–70,000 bracket → 6% rate. 6% × $65,000 = $3,900/year = $325/month. Minus $100 for two dependents = $225/month.

Common use cases

  • Borrowers with high loan balances relative to income.
  • Former SAVE borrowers choosing a new plan after servicer notification.
  • Comparing RAP payments to the standard 10-year plan.
  • Borrowers pursuing Public Service Loan Forgiveness (PSLF).

Limitations & assumptions

  • Simplified model: ignores spousal/joint filing nuances and married-filing-separately treatment.
  • Does not model the cap on the up-to-$50/month principal match.
  • RAP implementation details may be refined by Department of Education regulations.

Frequently asked questions

The SAVE plan no longer exists. The Trump Administration and Missouri reached a settlement on December 9, 2025 to end it, followed by a federal court order on March 10, 2026. Starting July 1, 2026, servicers began notifying SAVE borrowers to choose a new plan within 90 days or be auto-enrolled in the Standard or Tiered Standard plan.

Disclaimer: KalkWise calculators are provided for general informational and educational purposes only and do not constitute financial, investment, tax, or legal advice. Results are estimates based on the figures you enter and the assumptions described above. Actual outcomes will vary. Consult a qualified professional before making financial decisions.