SAVE Exit Calculator: RAP vs IBR vs Standard

Your servicer gave you 90 days to pick a plan. Enter five numbers and see your real monthly payment under each option — using the exact formulas in the law, not vibes.

Formulas current as of August 2026 (2026 poverty guidelines, P.L. 119-21 RAP rules).

How this calculator works

Every number comes from the statutory formulas, not estimates of estimates:

• RAP (the Repayment Assistance Plan, in effect July 1, 2026): your payment is a percentage of your total AGI — 1% if you make $10,000–$20,000, rising one point per $10,000 of income to a cap of 10% above $100,000 — divided by 12, minus $50 per dependent, with a $10 floor. Unpaid interest is waived every month, so your balance can never grow. If your payment reduces principal by less than $50, the government tops it up to $50. Anything left after 360 payments (30 years) is forgiven. Full RAP guide →
• IBR: 10% of your discretionary income (AGI minus 150% of the poverty guideline for your family size) if you first borrowed on or after July 1, 2014 — otherwise 15%. Forgiveness after 20 or 25 years respectively. Payment is capped at the 10-year Standard amount.
• Standard: your balance amortized over 120 equal payments. No forgiveness, fastest payoff, and it's the plan you get defaulted into if you ignore the 90-day notice.