Compare illustrative IBR, PAYE, and RAP payments side-by-side. This tool does not determine eligibility or approve a $0 payment.
These months don't count toward forgiveness and interest is accruing. SAVE has ended, and you have 90 days from your servicer's notice to pick a plan, followed by a final 30-day notice if you do not act. Use this tool to see what you'd pay on IBR, PAYE or RAP, then apply to switch immediately.
Estimate only: This comparison uses the chosen state's 2026 poverty guideline and a sample 6.5% interest rate for the standard-payment reference. Family size and claimed dependents are separate inputs. It does not determine loan eligibility, PSLF qualification, repayment caps for each borrower, taxes, or a final servicer payment. New loans on or after July 1, 2026 can change available plans. Compare official plans first.
Discretionary income = Your AGI minus 150% of the Federal Poverty Guideline for your family size. IDR plans charge a percentage of this amount.
IBR (new borrowers): 10% of discretionary income, forgiveness after 20 years.
IBR (older borrowers): 15% of discretionary income, forgiveness after 25 years.
PAYE: 10% of discretionary income, forgiveness after 20 years.
RAP (since July 1, 2026): 1–10% of your total AGI depending on your income bracket, minus $50 a month per dependent, with a $10 minimum. On-time payments cover all unpaid interest, and ED adds up to $50 a month toward principal. Forgiveness after 30 years. For RAP, enter the dependents you actually claim on your federal tax return; family size alone does not establish the dependent count.
Note: IBR, PAYE, and ICR generally require eligible loans without a new disbursement on or after July 1, 2026. A new disbursement on or after that date can restrict the available repayment plans to RAP or Tiered Standard, subject to loan-type eligibility.
Choose based on eligibility: Your best option depends on loan dates, types, household tax circumstances, PSLF history and future borrowing. Use the official federal repayment calculator before switching.