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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 The SAVE plan has been replaced by RAP (Repayment Assistance Plan).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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Competitive rates, no fees, and flexible terms designed for graduates ready to get ahead of their debt.
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What is Student Loan Calculator — Updated for 2026 OBBBA Rules?
The Student Loan Calculator is updated for the One Big Beautiful Bill Act (OBBBA) repayment rules effective July 1, 2026. It estimates monthly payments under the new Tiered Standard Repayment Plan (10, 15, 20, or 25-year terms based on total debt) and the Repayment Assistance Plan (RAP), which replaces SAVE, IBR, and other income-driven plans for new borrowers. RAP calculates payments as 1% to 10% of Adjusted Gross Income (AGI) on a tiered scale with a strict $10 minimum payment (no more $0 payments), a $50 per-dependent deduction from the payment floor, and forgiveness after 30 years. The calculator also models Principal Protection — if an on-time RAP payment reduces principal by less than $50, the government waives remaining interest so principal drops by at least $50. Always check studentaid.gov for official guidance.
How to Use This Tool
- 1
Enter your total student loan balance, interest rate, annual income (AGI), and family size.
- 2
Select a repayment plan: Tiered Standard (10/15/20/25-year fixed) or RAP (income-driven with forgiveness).
- 3
View your estimated monthly payment, total amount paid, total interest, and forgiveness timeline if applicable.
- 4
Adjust inputs to compare scenarios — the results update live as you type.
Real-World Use Cases
New Graduate Entering the Workforce
A recent graduate with $35,000 in student debt can compare Tiered Standard vs. RAP to see which plan keeps monthly payments affordable while minimizing total cost. Under RAP, lower earners pay as little as $10/month with principal protection ensuring their balance still decreases.
Parent Borrower Evaluating New PLUS Loan Caps
Under the OBBBA, Parent PLUS loans are capped at $20,000 per year and $65,000 lifetime. A parent evaluating borrowing options can model repayment under the Tiered Standard plan to understand monthly obligations and total interest costs under the new limits.
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