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2026 rules • USD • One Big Beautiful Bill Act
US Student Loan Repayment Calculator 2026
Compare every federal repayment option available to you under the 2026 rules: the new Repayment Assistance Plan (RAP), the Tiered Standard Plan, Income-Based Repayment (IBR), the legacy 10-year Standard Plan, and private refinancing. See your monthly payment, payoff date, total interest, forgiveness, PSLF and the tax on forgiven balances.
RAP (from July 1, 2026)Tiered Standard 10-25 yearsIBR 10% / 15%PSLF 120 paymentsForgiveness tax estimateExtra paymentsOne-page PDF report
1Your loans
2026-27: 6.52% undergrad, 8.07% grad, 9.07% PLUS
2Income & family
Form 1040, line 11
Counted only if filing jointly
You, spouse and dependents (for IBR)
RAP: $50 less per month for each
3Extra payments, refinancing & tax
Applied to standard plans and refinancing
Federal + state marginal rate when forgiven
Lowest total cost federal plan
–
Click “Calculate repayment”
Monthly payment (year 1)$0
Time to payoff / forgiveness–
Total you will pay$0
Total interest paid$0
Amount forgiven$0
Lowest monthly payment$0
Repayment plan comparison
| Plan | Monthly (yr 1) | Term | Total paid | Interest | Forgiven | Tax on forgiven | Total cost |
|---|
Year-by-year schedule
| Year | Monthly | Paid | Interest | Principal | Balance |
|---|
RAP payment brackets (from July 1, 2026)
| Adjusted gross income | Annual payment | Adjusted gross income | Annual payment |
|---|---|---|---|
| $10,000 or less | $120 ($10 a month) | $50,001 – $60,000 | 5% of AGI |
| $10,001 – $20,000 | 1% of AGI | $60,001 – $70,000 | 6% of AGI |
| $20,001 – $30,000 | 2% of AGI | $70,001 – $80,000 | 7% of AGI |
| $30,001 – $40,000 | 3% of AGI | $80,001 – $90,000 | 8% of AGI |
| $40,001 – $50,000 | 4% of AGI | $90,001 – $100,000 | 9% of AGI |
| Then subtract $50 a month for each dependent. Minimum payment $10 a month. | Over $100,000 | 10% of AGI | |
US federal student loan rules this calculator follows
Two plans for new borrowers
Under the One Big Beautiful Bill Act, anyone with a Direct or Parent PLUS loan disbursed on or after July 1, 2026 can choose only the Tiered Standard Plan or the Repayment Assistance Plan (RAP). Once you join RAP, you cannot switch back to Tiered Standard.
Tiered Standard Plan
Fixed payments with a term set by your balance when you enter repayment: under $25,000 is 10 years, $25,000-$49,999 is 15 years, $50,000-$99,999 is 20 years, and $100,000 or more is 25 years. No forgiveness, and it does not count toward PSLF.
Repayment Assistance Plan (RAP)
Pay 1% to 10% of AGI, minus $50 a month per dependent, with a $10 minimum. Unpaid monthly interest is waived, and the government adds up to $50 of principal reduction so your balance always falls. The remaining balance is forgiven after 360 payments (30 years). Parent PLUS loans are not eligible.
Income-Based Repayment (IBR)
For loans disbursed before July 1, 2026: 10% of discretionary income (AGI minus 150% of the poverty guideline) with forgiveness after 20 years, or 15% and 25 years if you first borrowed before July 1, 2014. The payment never exceeds the 10-year standard amount. The partial financial hardship test was removed.
Public Service Loan Forgiveness
Full-time government or non-profit employees get the remaining balance forgiven tax-free after 120 qualifying payments (10 years) under RAP, IBR or the 10-year Standard Plan.
Tax on forgiveness
The 2021-2025 federal tax exclusion expired on December 31, 2025. RAP and IBR forgiveness from 2026 counts as taxable income. PSLF and death or disability discharges stay tax-free. State treatment varies.
Disclaimer: This calculator estimates repayment using the One Big Beautiful Bill Act (P.L. 119-21), 2026-27 Direct Loan interest rates and the 2026 HHS poverty guidelines. It assumes steady income growth, on-time payments and no deferment or forbearance. It does not model PAYE, ICR, Graduated or Extended plans, interest subsidies on subsidized loans under IBR, or spousal debt splitting. RAP and Department of Education rules are still being implemented. Confirm your options at StudentAid.gov or with your loan servicer. This is not financial, tax or legal advice.
Student Loan Repayment Report – 2026
The Business Explore • US student loan repayment calculator (USD)
Date:
Ref:
Ref:
Lowest-cost federal plan
Monthly payment (year 1)
Total cost incl. tax
Time to payoff / forgiveness
Borrower profile
Borrower:
Balance:
Interest rate:
Borrower status:
Loan type:
AGI used:
Family size / dependents:
PSLF:
Extra payment:
Repayment plan comparison
| Plan | Monthly (yr 1) | Term | Total paid | Interest | Forgiven | Tax | Total cost |
|---|
Schedule
| Year | Monthly | Paid | Interest | Principal | Balance |
|---|
Basis: One Big Beautiful Bill Act (P.L. 119-21): RAP and Tiered Standard Plan from July 1, 2026, IBR without the partial financial hardship test. 2026-27 Direct Loan rates, 2026 HHS poverty guidelines, PSLF after 120 payments. Forgiveness outside PSLF is taxable from 2026. This is an estimate, not financial or tax advice.
Prepared with The Business Explore US student loan repayment calculator • All amounts in US Dollars (USD)