Student Loan RAP Calculator 2026

Repayment Assistance Plan Calculator - Calculate Your Monthly Payment

RAP Effective Date: July 1, 2026

RAP replaces previous income-driven plans for new borrowers. Payments are 1-10% of AGI with a $50 per dependent child reduction.

Calculate Your RAP Payment
Enter your Adjusted Gross Income (AGI) and number of dependent children
$

Each dependent child reduces your annual payment by $50

About RAP
Key facts about the Repayment Assistance Plan
Payment Range

1-10% of AGI based on income level

Dependent Reduction

$50 per dependent child reduces annual payment

Effective Date

July 1, 2026 for new borrowers

RAP vs IBR

RAP uses 1-10% of your full AGI, while IBR uses 10-15% of discretionary income.

RAP's dependent child reduction ($50 per child) makes it especially beneficial for families.

Student Loan RAP Calculator 2026: Complete Guide
Everything you need to know about the Repayment Assistance Plan (RAP) and how to calculate your payment

What is the Student Loan RAP Calculator?

Our Student Loan RAP Calculator 2026 helps you estimate your monthly payment under the new Repayment Assistance Plan (RAP), which takes effect on July 1, 2026. RAP replaces previous income-driven repayment plans like IBR, PAYE, and REPAYE for new borrowers.

The calculator uses your Adjusted Gross Income (AGI) and number of dependent children to calculate your payment, which ranges from 1% to 10% of your AGI with a unique $50 per dependent child reduction.

How Does RAP Calculate Payments?

RAP payment calculation works in two steps:

  1. Base Payment: Calculate 1-10% of your AGI based on income level
    • Income under $20,000: 1% of AGI
    • Income $20,000-$40,000: 1-5% of AGI (scales linearly)
    • Income $40,000-$60,000: 5-7.5% of AGI (scales linearly)
    • Income $60,000-$100,000: 7.5-10% of AGI (scales linearly)
    • Income over $100,000: 10% of AGI
  2. Dependent Reduction: Subtract $50 per dependent child from your annual payment

For example, if you have an AGI of $50,000 and 2 dependent children:

  • Base payment: ~6.25% of $50,000 = $3,125 per year
  • Dependent reduction: 2 × $50 = $100
  • Final payment: $3,125 - $100 = $3,025 per year ($252/month)

RAP vs IBR Calculator: Which is Better?

Our RAP vs IBR calculator compares both repayment plans side-by-side:

RAP (Repayment Assistance Plan)

  • Uses 1-10% of full AGI
  • $50 per dependent child reduction
  • Generally lower payments for most borrowers
  • Effective July 1, 2026

IBR (Income-Based Repayment)

  • Uses 10-15% of discretionary income
  • Discretionary income = AGI - (150% of poverty line)
  • No dependent child reduction
  • May be better for very high-income borrowers

For most borrowers, especially those with dependent children, RAP offers lower monthly payments than IBR. Use our calculator to see which plan is better for your specific situation.

Student Loan Monthly Payment RAP Tool

Our Student Loan Monthly Payment RAP Tool is the most accurate way to estimate your RAP payment. Simply enter:

  • Your Adjusted Gross Income (AGI): Your total income minus certain deductions
  • Number of Dependent Children: Each child reduces your payment by $50 per year

The calculator instantly shows you:

  • Your monthly RAP payment
  • Your annual RAP payment
  • Your payment percentage (1-10% of AGI)
  • How much you save with the dependent reduction
  • Comparison with IBR payments

When Does RAP Take Effect?

The Repayment Assistance Plan (RAP) takes effect on July 1, 2026. It applies to:

  • New borrowers who take out federal student loans after July 1, 2026
  • Borrowers who switch to RAP from another repayment plan
  • Borrowers who consolidate their loans after the effective date

If you're already on an income-driven plan like IBR or PAYE, you can choose to switch to RAP or stay on your current plan. Use our calculator to see if switching would lower your payment.