SAVE vs REPAYE Calculator

Compare the U.S. federal SAVE and REPAYE income-driven student loan repayment plans.

Loan Amount

Annual Interest Rate (%)

Annual Income

Family Size

Repayment Years

Plan Comparison

SAVE Plan

Monthly Payment

$134

Total Paid

$32,230

Estimated Forgiveness

$30,770

REPAYE Plan

Monthly Payment

$228

Total Paid

$54,820

Estimated Forgiveness

$8,180

This calculator provides estimates only. Actual SAVE and REPAYE terms depend on federal regulations, loan types, tax filing status, and other factors. Consult your loan servicer or a financial advisor for official calculations.

What Is the SAVE vs REPAYE Calculator?

The SAVE plan is dead. Compare your monthly student loan payments under the new RAP plan, IBR, and standard repayment. See how much more you'll pay and plan ahead.

How to Use

Using the SAVE vs REPAYE Calculator is simple:

Enter your values in the input fields
Click the calculate button
View your results instantly

Tips

Double-check your inputs for accurate results
This tool provides estimates - consult a professional for important decisions
Save your results for future reference

Frequently Asked Questions

What is RAP?+

RAP (Random Additional Payments) are extra payments made beyond your regular loan payment. They directly reduce the principal, accelerating repayment and saving interest. Same as extra payments, but the terminology varies by lender.

What is the difference between RAP and extra payments?+

None — they are the same thing. RAP is just the term some lenders use. Both reduce the principal, shorten the loan term, and save interest.

Should I save or pay RAP?+

If your loan rate is higher than your savings rate, pay RAP. If the loan rate is lower than investment returns, invest the difference. Rule of thumb: if the rate is > 6%, prioritize the debt; if it is < 4%, prioritize investing.

How does RAP affect my loan?+

RAP reduces the outstanding balance, lowering future interest. Some lenders recalculate your payment (lowering it), while others shorten the term (keeping payments the same). Designate the payment to be applied to principal.