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Updated for July 2026 OBBBA Changes
New repayment plan rules apply to loans disbursed after July 1, 2026. The SAVE plan has been replaced by RAP (Repayment Assistance Plan). Standard repayment terms are now tiered by debt volume.
Used for RAP calculation. Not needed for Tiered Standard.
RAP deducts $50/month per dependent (family size minus 1).
Your Estimated Repayment
$150.00
30 years
Forgiveness at 30 years
$54,000
$34,777 in interest
$15,777
After 30 years of payments
Principal Protection Active
Your RAP payment would reduce principal by less than $50/month. Under OBBBA rules, the government waives the remaining interest to ensure your balance decreases by at least $50 each month. This prevents your loan balance from growing despite making on-time payments.
Plan Comparison
| Metric | Tiered Standard | RAP |
|---|---|---|
| Monthly Payment | $240.76 | $150.00 |
| Repayment Term | 20 years | 30 years |
| Total Paid | $57,783 | $54,000 |
| Total Interest | $22,783 | $34,777 |
| Forgiveness | None | $15,777 |
Enter your loan details above to see your refinancing options
📊 Could Refinancing Save You Money?
| Federal Plan (Your Result) | Private Refinance (Est.) | |
|---|---|---|
| Monthly Payment | $150.00 | $123.00 |
| Interest Rate | Your input rate | Rates from 4.49% (variable) |
| Total Paid | $54,000 | $44,280 |
| Forgiveness Eligible | Yes (RAP plan) | ❌ No |
⚠️ Estimated refinance figures are illustrative only and not a guarantee. Private refinancing eliminates eligibility for federal income-driven repayment, PSLF, and federal forbearance programs. This comparison is for informational purposes only. Always evaluate your full financial situation before refinancing federal loans.
Check My Rate at SoFi — No Credit Impact →How the Formulas Work
Tiered Standard Payment
Where M = monthly payment, P = principal balance, r = monthly interest rate (annual / 12), n = total months (term years x 12). Term is determined by debt volume: up to $12K = 10yr, $12-25K = 15yr, $25-50K = 20yr, over $50K = 25yr.
RAP Monthly Payment
Rate% scales from 1% to 10% based on AGI tier. Dependents = family size minus 1. Minimum payment is always $10. If payment minus interest leaves less than $50 of principal reduction, the government waives interest to guarantee $50 principal drop.
For official guidance on federal student loan repayment options, visit studentaid.gov
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