Compare Federal Student Loan Repayment Plans with EDCAP’s Free Calculator
Quickly estimate your monthly payments and potential loan forgiveness under federal repayment plans. Enter your loan and income details below to see which student loan repayment option best fits your financial situation.
All IDR plans are eligible for Public Service Loan Forgiveness and IDR Forgiveness. Traditional standard plans are not.
Disclaimers:
- Above are estimates only.
- IBR, PAYE and ICR are only available to borrowers whose only loans are disbursed prior to July 1, 2026.
- PAYE has an income test and loan disbursement requirements. You may not be eligible:
- If the PAYE calculation based on your income exceeds the Standard 10‑Year Fixed Repayment amount and you are not already enrolled, you are not eligible.
- If you had a loan disbursed prior to October 1, 2007, and/or you have no loans disbursed on or after October 1, 2011, you are not eligible.
- ICR calculations are complex. Payments are difficult to estimate and may vary from actual results.
- PAYE and ICR will be phased out on July 1, 2028. Student borrowers enrolled in those plans at that time can transfer to IBR or RAP.
- The RAP plan should be available to all student borrowers by July 1, 2026.
- Parent PLUS borrowers must consolidate before July 1, 2026, to have access to IBR and ICR plans. They are not eligible for the RAP plan. Parent PLUS borrowers who take any loans on or after July 1, 2026, must pay all their loans back in a Standard Plan.
- FFEL borrowers will continue to have access to the IBR Plan (calculated at 15% of discretionary income). For access to RAP, they must consolidate. Caution: Consolidation could erase qualifying payment credit accumulated for forgiveness. See advice before consolidating your loans.
- The new standard repayment plan is not an income-driven repayment (IDR) plan. It will be available starting July 1, 2026. Beginning on that date:
- New borrowers (those who take out loans or consolidate after July 1, 2026) will have two repayment options: the RAP plan or the new standard plan.
- Parent PLUS borrowers will only be eligible for the new standard plan.
- Borrowers with loans prior to July 1, 2026 who do not consolidate or take out additional loans after that date should remain eligible for the existing standard repayment plans—Fixed, Graduated, and Extended. Use the FSA Loan Simulator to explore these options and determine which plan best fits your situation.
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