Compare the Repayment Assistance Plan (RAP) and student loan repayment options
Compare RAP with Standard and SAVE estimates, model employer contributions and private loans, and see how each choice affects your monthly budget.
Disclaimer: This calculator is for informational purposes only and provides estimates based on your user inputs and federal guidelines, and is not an extension of credit or a loan modification offer. It does not determine eligibility or replace guidance from your loan servicer, tax professional, or financial advisor. If you spot an error, email support@clasp.com.
Your federal loans
Loan nameBalanceRateType
Income & household assumptions
$
%
Pursuing PSLFForgiveness after 120 payments (tax-free)
Set growth above 0% to model rising payments as your income climbs the RAP brackets.
Federal repayment comparison
Loan balance over time
Total out of pocket
What you actually pay — payments + tax (forgiven shown faded)
Show the RAP amortization math — interest subsidy & forgiveness cutoff ⌄
Add private & other loans (optional)
Private loans aren't eligible for RAP or federal forgiveness — they amortize on their own terms. Add them to see your full monthly payment and total balance once everything is stacked.
Loan nameBalanceRateTerm (yrs)
Total debt, all loans stacked
Federal plan for stacking:
Monthly budget — what's actually left
This pulls your income and student-loan payments from the Loan Repayment tab. Cells are pre-filled with reasonable starting values — replace them with your real numbers. Switch your federal plan right on the student-loan line below.
Line item
Monthly
Annual
Notes
Employer student-loan contributions
Many employers now pay toward employees' student loans. Under IRC §127, up to $5,250/year can be excluded from your taxable income (permanent through 2026 and inflation-indexed beginning 2027); anything above that is taxable wages. This applies your employer's payments — plus any you add on top — to your federal loans from the Loan Repayment tab, routed to the highest interest-rate loan first. This tab models actively paying the loans off, so it uses the Standard plans; RAP is an income-driven plan headed to forgiveness (not payoff), so see the Loan Repayment tab for RAP.
$
yrs
$
%
Exclude first $5,250/yr (IRC §127)Off = the entire employer payment is taxable wages
Payoff with employer help
Line item
With employer help
Paying on your own
Disclaimer: This calculator is for informational purposes only and provides estimates based on your user inputs and federal guidelines, and is not an extension of credit or a loan modification offer. It does not determine eligibility or replace guidance from your loan servicer, tax professional, or financial advisor. If you spot an error, email support@clasp.com.