Student Loan Repayment Plan Comparison
Compare your monthly payment across Standard, IBR, PAYE, and the new RAP plan. Enter your numbers below.
Your Information
Your Monthly Payments
What These Numbers Mean
Standard Repayment costs you $402/month for 10 years and $11,186 in total interest. You pay the most monthly but the least overall.
Income-Driven Plans lower your monthly payment to 101% (IBR) or 67% (PAYE) of the standard payment. The trade-off: you pay for 20-25 years instead of 10, and interest accumulates during that time. Any remaining balance is forgiven (but may be taxable income).
The RAP Plan (launching July 2026) would set your payment at just $135/month — 34% of the standard payment. This is the most affordable option but also the longest repayment period with the most interest accumulation.
Disclaimer: This calculator provides estimates based on simplified formulas. Actual payments depend on your specific loan servicer, loan type, and current federal guidelines. The RAP plan is not yet finalized — figures shown are based on proposed terms. Consult StudentAid.gov for official calculations.