SAVE Plan Student Loan 2027 Calculator (post-court ruling)
The SAVE Plan replaced REPAYE in 2024. After ongoing court rulings, payment is 10% of discretionary income (undergrad) / 10% (grad) / weighted for mixed. Discretionary income = AGI minus 225% of federal poverty line. Forgiveness after 20 years undergrad / 25 years grad.
How SAVE Works
Income-driven repayment: monthly = 10% × (AGI - 225% × poverty line). Smaller balances forgiven sooner ($12K loan = 10 years to forgiveness).
Court Status as of May 2026
Multiple injunctions: zero-payment for sub-poverty income blocked, interest waiver blocked, forgiveness timeline disputed. Borrowers currently in forbearance. Verify studentaid.gov for current status.
vs Other IDR Plans
IBR: 10-15% of discretionary. PAYE: 10%. ICR: 20% (legacy). SAVE most generous before injunctions. After litigation: borrowers may be moved to IBR.
Source and Disclaimer
Federal Register, studentaid.gov. Legal limbo — payment, interest, and forgiveness mechanics may change before 2027. Verify before relying on figures.
Source: studentaid.gov, 34 CFR 685. Last updated: May 2026.