RAP Student Loan Repayment Calculator
Estimate your monthly student loan payment under the new Repayment Assistance Plan (RAP) effective July 2026. RAP uses a "1% step rule" where your repayment rate equals 1% per $10,000 of AGI, capped at 10%, applied to your full adjusted gross income. See your payment timeline, total cost, and potential forgiveness amount at 30 years.
Inputs
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Results
Monthly Payment
$208.33
Repayment Rate
5%
Total Paid
$66,956.54
Total Forgiven
$0.00
Payment vs Forgiveness
Loan Balance Over Time
Year-by-Year Breakdown
| Year | Annual Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $2,500.00 | $589.72 | $1,910.28 | $34,410.28 |
| 2 | $2,500.00 | $622.98 | $1,877.02 | $33,787.30 |
| 3 | $2,500.00 | $658.12 | $1,841.88 | $33,129.17 |
| 4 | $2,500.00 | $695.25 | $1,804.75 | $32,433.93 |
| 5 | $2,500.00 | $734.47 | $1,765.53 | $31,699.46 |
| 6 | $2,500.00 | $775.89 | $1,724.11 | $30,923.57 |
| 7 | $2,500.00 | $819.66 | $1,680.34 | $30,103.90 |
| 8 | $2,500.00 | $865.90 | $1,634.10 | $29,238.01 |
| 9 | $2,500.00 | $914.74 | $1,585.26 | $28,323.27 |
| 10 | $2,500.00 | $966.34 | $1,533.66 | $27,356.93 |
| 11 | $2,500.00 | $1,020.85 | $1,479.15 | $26,336.08 |
| 12 | $2,500.00 | $1,078.43 | $1,421.57 | $25,257.65 |