RAP Payment Calculator 2026
Enter your information to estimate your Repayment Assistance Plan payment. Updated for 2026 Federal Poverty Line guidelines.
Your Information
Your RAP Payment Results
MONTHLY PAYMENT
$0
ANNUAL PAYMENT
$0
PAYMENT TIER
0%
POVERTY LEVEL
0%
Note: This calculator uses the 2026 Federal Poverty Line. Payment amounts are estimates. Verify with your loan servicer for official calculations.
Details
Enter your information above and click "Calculate" to see your RAP payment estimate.
Loan Balance Over 30 Years
Understanding RAP Payments
What is RAP?
The Repayment Assistance Plan (RAP) is an income-driven repayment program for Canadian student loans. Your monthly payment is based on your income and family size, ensuring you pay what you can afford.
Payment Tiers (2026)
- Below 225% FPL: $10/month minimum
- 225-275% FPL: 1% of discretionary income
- 275-325% FPL: 2% of discretionary income
- 325-375% FPL: 3% of discretionary income
- 375-425% FPL: 4% of discretionary income
- 425-475% FPL: 5% of discretionary income
- Above 475% FPL: Up to 10% of discretionary income
Key Facts
- • Payments are reassessed annually based on updated income information
- • If your payment is $0, interest still accumulates on unpaid loans
- • After 15 years on RAP, remaining balance may be forgiven (Canadian loans)
- • Family size includes spouse and dependent children
- • You must reapply annually to maintain your RAP status
When to Use RAP
RAP is ideal if your income is low relative to your loan balance, or if your financial circumstances have changed significantly.
Frequently Asked Questions
What is the Repayment Assistance Plan (RAP)?
RAP is a new federal income-driven repayment plan launching July 1, 2026. It replaces the SAVE plan and calculates your monthly payment as 1-10% of discretionary income based on your income tier relative to the Federal Poverty Line. Borrowers below 225% FPL pay just $10/month.
How is my RAP payment calculated?
Your payment is based on your discretionary income (your income minus 225% of the Federal Poverty Line for your family size). The percentage applied ranges from 1% at 225-275% FPL up to 10% above 475% FPL. The minimum payment is $10/month.
When does the RAP plan start?
RAP takes effect July 1, 2026. If you were on the SAVE plan, you have until September 28, 2026 (90 days) to choose a new plan. If you do not select one, you may be auto-enrolled in the Standard or Tiered Standard plan.
Does RAP offer loan forgiveness?
Yes. Under RAP, any remaining balance is forgiven after 30 years of qualifying payments. This is longer than the previous SAVE plan's 20-year forgiveness timeline for undergraduate loans.
What is the Federal Poverty Line used in RAP calculations?
For 2026, the FPL is $15,650 for a single person, with $5,580 added for each additional family member. Your family size includes you, your spouse, and your dependents.
Is my data safe when I use this calculator?
Yes. All calculations happen entirely in your browser using JavaScript. No personal data is sent to any server, stored, or shared with third parties. We do not collect any user information.