Student Loan Repayment Calculator

Your options depend on when your Direct Loans were disbursed. If you received any Direct Loan on or after July 1, 2026, RAP and Tiered Standard are the two main choices, and RAP is your only income-driven option. If all your loans predate July 1, 2026, you may also qualify for Standard, IBR, and certain legacy plans while they remain available.

RAP is the income-driven Repayment Assistance Plan available from July 1, 2026. Its annual base payment ranges from $120 to 10% of AGI, divided by 12, then falls by $50 per dependent claimed on the borrower's federal return, with a $10 monthly floor. After an on-time payment, unpaid monthly interest is subsidized and a principal match ensures principal falls by at least the borrower's payment, up to $50. Any balance remaining after 360 qualifying monthly payments is forgiven.

Tiered Standard uses a fixed monthly payment and assigns the term from the Direct Loan principal balance when repayment begins: under $25,000 gets 10 years; $25,000 to $49,999 gets 15 years; $50,000 to $99,999 gets 20 years; and $100,000 or more gets 25 years. It is available when a borrower has a Direct Loan first disbursed on or after July 1, 2026 and it is not a qualifying PSLF plan.

A borrower leaving school without choosing another plan is automatically enrolled in Standard or Tiered Standard, depending on when the loans were first disbursed. SAVE borrowers receive a servicer-specific 90-day deadline; if they do not select another legal plan by that deadline, the Department of Education says they will be moved to Standard or Tiered Standard. Check the notice for the exact deadline and assigned plan.

SAVE ended after the March 2026 court-approved settlement. Federal servicers began sending notices on July 1, 2026, and each borrower gets at least 90 days from the date of their notice to choose another plan. The deadline is not one universal calendar date. Borrowers seeking PSLF must switch to a qualifying plan before payments can resume counting.

Yes. P.L. 119-21 allows qualifying RAP payments to count toward PSLF when the borrower also meets the Direct Loan, eligible employer, full-time work, and qualifying-payment requirements. Tiered Standard does not qualify for PSLF. PSLF still requires 120 qualifying monthly payments.

The auto-pay interest-rate reduction increased from 0.25% to 1% beginning July 1, 2026. Borrowers already enrolled, or enrolled by September 30, 2026, receive the temporary 1% reduction through June 30, 2028. Enrollment is handled through the borrower's official loan servicer.

RAP can forgive a remaining balance after 360 qualifying payments, while IBR uses a 20- or 25-year timeline depending on the borrower's first-loan date. PSLF can forgive eligible Direct Loans after 120 qualifying payments and eligible public-service employment. Starting with IDR balances forgiven in 2026, the forgiven amount is generally federal taxable cancellation-of-debt income; PSLF remains federally tax-free.