🎓 How much would you save switching student loan plans from SAVE?
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If you're on the SAVE plan, your monthly student loan bill could spike if you don't switch to a new repayment plan soon. Missing the deadline means you'll likely be moved to a Standard Repayment Plan, which could double or triple your payments. See how much you could save by switching to a plan like the Repayment Assistance Plan (RAP).
Current Loan & IDR Plan Details
Enter your current loan details and what you expect to pay on an income-driven plan like RAP.
⚠️ Important Notes & Tradeoffs
- Deadlines approach fast: Some borrowers face deadlines as early as Sept 29. Check your servicer account immediately.
- Standard plan shock: Defaulting to the 10-year standard plan amortizes your full balance. This causes massive payment spikes for most IDR borrowers.
- RAP benefits: The Repayment Assistance Plan (RAP) offers lower monthly payments and potential forgiveness.
- Action required: Check your servicer account to switch plans.
🔗 See Also
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For further related reading, check out:
⚖️ Results Summary & Comparison
Here is how much you save by taking action before the deadline.
Standard monthly payment (if you do nothing)
Monthly savings by switching
Annual savings by switching
Verdict
Switch
Calculator updated by heyfinfam (v26.9.0) · View history
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