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Request a ToolStudent Loan Calculator
Compare Standard, Tiered Standard, IBR, and RAP student loan repayment estimates side by side.
Loan Details
Repayment Plan Comparison
| Plan | Monthly payment | Term | Projected paid | Projected interest |
|---|---|---|---|---|
| StandardLowest fixed-plan interest | $511 | 10 years | $61,316 | $16,316 |
| Tiered StandardFixed payment by debt level | $392 | 15 years | $70,560 | $25,560 |
| IBR (estimate)Assumes newer-borrower 10% / 20-year IBR | $259 | 20 years | $62,120 | $17,120 |
| RAP (estimate)Includes dependent deduction | $229 | 30 years | $82,500 | $37,500 |
IBR and RAP are planning estimates based on current income. They do not model annual income changes, interest subsidies, forgiveness taxes, or PSLF eligibility.
About the Student Loan Calculator
Compare the monthly payment and long-term cost of Standard, Tiered Standard, IBR, and RAP repayment approaches. Fixed-plan calculations use standard loan amortization, while income-driven figures are estimates based on the income information entered.
Lower income-driven payments can improve monthly cash flow but may extend repayment and increase accumulated interest. Confirm eligibility and current program terms with Federal Student Aid or your loan servicer.
Frequently Asked Questions
How does a student loan repayment calculator work?expand_more
Fixed plans use the standard amortization formula. Income-driven plans estimate payments from income and household inputs, but actual payments are recalculated using current program rules and tax information.
Which repayment plan costs the least?expand_more
Standard repayment generally minimizes total interest because it pays the balance off over ten years. Income-driven plans prioritize monthly affordability and potential forgiveness.
Are income-driven forgiveness amounts taxable?expand_more
Under the rules described in the source article, IDR forgiveness beginning in 2026 may be federally taxable, while qualifying PSLF forgiveness remains federally tax-free. Verify current rules before enrolling.
What happened to the SAVE plan?expand_more
The article states that SAVE was eliminated under the 2025 legislation and that RAP becomes available as the replacement income-driven option for new borrowers beginning in July 2026.
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