RAP Student Loan Payment Calculator — New Repayment Plan (2026)
Starting July 1, 2026, the SAVE plan is no longer available, and federal student loan borrowers are being moved to the new Repayment Assistance Plan (RAP). RAP calculates your monthly payment as a percentage of your Adjusted Gross Income (AGI) — from 1% up to 10%, depending on how much you earn — minus a reduction for each dependent. This calculator applies the official published formula to your numbers.
Based on the published RAP formula (AGI-based percentage minus a per-dependent reduction, $10 minimum). Your loan servicer's official calculation is the final word — this is a planning estimate.
Based on the RAP formula as publicly described following the FY2025 reconciliation law, effective July 1, 2026. Loan servicers and studentaid.gov provide the official, binding calculation — this is a planning estimate only.
How to use this tool
- Find your AGI (Adjusted Gross Income) on your most recent tax return.
- Enter the number of dependents you claim — each one reduces your payment by $50/month.
- Press Calculate to see your estimated new monthly payment under RAP.
- If you're currently on the SAVE plan, you have 90 days from your servicer's notice to choose a new plan — RAP or the new Tiered Standard plan are your main options going forward.
Frequently asked questions
What happened to the SAVE plan?
The SAVE plan ended as of July 1, 2026. Borrowers enrolled in it are being notified by their loan servicer and given 90 days to switch to a different repayment plan — most will be moving to RAP or the new Tiered Standard plan.
How is the RAP percentage calculated?
It's a sliding scale: AGI of $10,000 or less pays a flat $10/month. Above that, the percentage rises by 1 point for every $10,000 of AGI — so roughly 1% in the $10,001-$20,000 range, up to a cap of 10% once AGI passes $100,000.
Does having dependents actually lower my payment?
Yes — your calculated payment is reduced by $50 per month for each dependent claimed on your tax return, though the payment can never drop below the $10/month minimum.
Is RAP better or worse than the old income-driven plans?
It depends on your income and loan balance — RAP removes some benefits of older plans (like SAVE's interest subsidy structure) while adding others (a principal-match provision and no negative-amortization interest charges). Higher earners with smaller balances may see bigger increases than lower earners; run your own numbers rather than assuming.
Where can I get my official payment amount?
Your loan servicer and studentaid.gov provide the official, binding calculation, including provisions this estimate doesn't model (like the $50 principal match on payments below that amount). Use this calculator to plan ahead, not as your final bill.