My total amount is $18,367 across 8 loans…(rounding amounts up). I make roughly $66k and have no dependents and married filing separately.
Loan1: $2,113 at 5.050%
Loan2: $1,971 at 5.050%
Loan3: $1,748 at 4.530%
Loan4: $984 at 4.530%
Loan5: $3,498 at 2.750%
Loan6: $1,973 at 2.750%
Loan7: $4,081 at 3.730%
Loan8: $1,999 at 3.730%
Figuring out estimated payment under RAP
byu/Pink_barbecue inStudentLoans
Posted by Pink_barbecue
1 Comment
Your RAP payment would be about $330. Your IBR payment would be about $200 whether you file separately or jointly because your income is high enough compared to your loan balance for you to hit the standard cap on IBR either way. RAP payments are not capped.
You may want to consider filing taxes jointly for the tax benefits of that and using IBR unless you have another reason you are already filing separately.