# RAP Student Loan Calculator (Repayment Assistance Plan)

> Free RAP calculator for the federal Repayment Assistance Plan (launched July 1, 2026). Enter your AGI and dependents to estimate your monthly payment: 1-10% of income minus $50 per dependent, $10 minimum.

The Repayment Assistance Plan (RAP) replaced the old income-driven plans on July 1, 2026. Your payment is a percentage of your adjusted gross income, from 1% to 10% in $10,000 tiers, minus $50 a month for each dependent, with a $10 floor. Enter your numbers to see your payment and what the interest waiver does for you.

*Interactive tool: enter your values at https://toollantern.win/rap-student-loan-calculator/ and results update instantly in your browser.*

## How RAP payments are calculated

Your annual payment is a percentage of your adjusted gross income (AGI), rising one point for each $10,000 of income: 1% under $10,000, 2% from $10,000 to $20,000, and so on, capped at 10% for $90,000 and above. Divide by 12 for the monthly amount, subtract **$50 a month for each dependent**, and the result is your payment, with a **$10 floor**.

## Worked example

AGI **$45,000**, 2 dependents, $30,000 balance at 6% interest.

- Tier: 5% of AGI = **$2,250** a year.

- Monthly before dependents: $2,250 / 12 = **$187.50**.

- Minus $50 x 2 dependents: monthly payment = **$87.50**.

- Monthly interest: $30,000 x 6% / 12 = **$150**.

- Unpaid interest **$62.50 waived**; the balance cannot grow from unpaid interest.

## The interest waiver

Each month, any interest your payment does not cover is **waived**, not added to your balance. As long as you make your RAP payment, unpaid interest can never capitalize and grow what you owe. This is the plan's main protection for borrowers whose payments are smaller than their interest.

## The $50 principal match

If your payment covers the monthly interest but is less than the interest plus $50, the government contributes the difference, up to **$50**, straight toward your principal. It only applies when the interest is fully covered, so it rewards payments that at least keep up with interest.

## Forgiveness after 360 payments

After **360 qualifying monthly payments** (30 years), any remaining balance is forgiven. Because of the interest waiver and the principal match, RAP is designed so that steady payments actually shrink the balance over time instead of treading water.

## Who can use RAP

RAP covers federal Direct Loans and launched on **July 1, 2026**, replacing the SAVE plan. Borrowers are being transitioned by their servicers. Confirm your eligibility, especially for Parent PLUS or consolidated loans, with your loan servicer before relying on these numbers.

## More loan tools

To see a standard amortization schedule for any loan, use the [loan payment calculator](__L_loan-payment-calculator__).

This calculator is an estimate based on the published RAP formula, not an official payment quote. Your servicer sets the actual payment; confirm with them before making decisions.

## Frequently asked questions
### What is the Repayment Assistance Plan?

The Repayment Assistance Plan is the federal income-driven repayment plan for student loans, launched July 1, 2026, replacing the SAVE plan. Payments are based on income and family size.

### How is my RAP payment calculated?

1% to 10% of your AGI, rising one point per $10,000 of income and capped at 10%, divided by 12, minus $50 a month per dependent, with a $10 minimum payment.

### What happens if my payment does not cover the interest?

It is waived. Each month, any interest your payment does not cover is forgiven rather than added to your balance, so unpaid interest can never grow what you owe.

### What is the $50 principal match?

If your payment covers the monthly interest but is less than the interest plus $50, the government pays the difference, up to $50, directly toward your principal.

### When is my balance forgiven?

After 360 qualifying monthly payments, which is 30 years, any remaining balance is forgiven.

### Is there a minimum payment?

Yes: $10 a month, no matter how low the formula result goes.

### Do dependents lower my payment?

Yes. Each dependent lowers the monthly payment by $50.

### Who is eligible for RAP?

RAP covers federal Direct Loans. Confirm the specifics for your loans, including Parent PLUS or consolidations, with your loan servicer.

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Interactive version: https://toollantern.win/rap-student-loan-calculator/