NEW
OBBB-compliant, Repayment Assistance Plan (RAP) is live in the simulator
What will your student loans really cost?
Compare every repayment plan and estimate college aid, free, with the same verified engine advisors use. Updated for the July 1, 2026 rules.
Compare your repayment options
See Standard, RAP, IBR, PAYE and ICR side by side: monthly payment, lifetime cost, forgiveness timing, and the tax bill that can come with it.
Estimate your Student Aid Index (SAI)
The number colleges use to size financial aid offers, computed with the 2026-27 FAFSA formula.
Like what you see? Keep your plan.
Create your free account to save your results, track your loans as your balances change, and get matched with an advisor who can build your repayment plan.
Put these calculators on your website
Advisors on Finology Software can embed either calculator with one line of code, themed to their own brand color. Your embed code lives in Settings, under Website calculators.
<script src="..." data-widget="loan-calculator" data-brand="#YourColor"></script>
Estimates for education only, not financial advice. Powered by Finology Software.
Frequently asked questions
How does the repayment comparison work?
Enter your loan balance, interest rate, income, and household details, and the calculator projects every federal repayment path side by side: Standard, RAP, IBR, PAYE, and ICR. For each plan you see the monthly payment, total lifetime cost, payoff or forgiveness date, and any projected tax on forgiven balances. The math follows the federal rules in effect since July 1, 2026.
What is RAP?
The Repayment Assistance Plan is the income-driven repayment option created by the 2025 federal loan overhaul, available starting July 1, 2026. Payments are based on your adjusted gross income, and any balance remaining after 30 years of qualifying payments is forgiven. The calculator shows RAP next to the older plans so you can see whether it lowers your payment.
What happened to SAVE?
The SAVE plan was eliminated by the 2025 law and is being wound down. Borrowers who were on SAVE are moving to other plans, and RAP is the main income-driven option going forward. The comparison above models the plans you can actually enroll in today.
What is the Student Aid Index (SAI)?
The SAI is the number colleges use to size financial aid offers. It replaced the Expected Family Contribution (EFC) and is computed from your FAFSA. Our calculator uses the 2026-27 FAFSA formula, including income protection allowances and the treatment of multiple children in college.
Are these the same numbers financial advisors use?
Yes. Both calculators run on the same verified calculation engine that powers Finology Software’s professional planning tools, and the engine is checked against published federal formulas and worked examples. What you see here is a simplified view of the same math, not a marketing approximation.
Can I just ask ChatGPT what my student loan payment will be?
You can, and millions of people do, but AI chatbots generate answers from training data and can be confidently wrong, especially about rules that changed on July 1, 2026. Their own terms of use say not to rely on them for professional advice. These calculators are different: they compute your payment deterministically from the published federal formulas, so the same inputs always produce the same, checkable answer. Ask a chatbot to explain your options, then verify the numbers here before you act.
Can I put these calculators on my own website?
Yes. Advisors and institutions can embed both calculators with a single script tag; see the embed section above. Embeds run the same verified engine and are updated automatically when federal rules change.