Compare income-driven repayment plans and find your optimal strategy for PSLF. Switching to RAP is a one-way, irreversible decision. Powered by MedLoanIQ.
What is this? MedLoanIQ helps medical residents and graduating students make smarter student loan repayment decisions. Compare IBR vs RAP plans, analyze consolidation trade-offs, and find your optimal strategy for Public Service Loan Forgiveness (PSLF).
Free vs Premium. The core IBR vs RAP comparison is free. Premium and Ultimate tiers unlock deeper analyses including filing status optimization, salary crossover, fellowship impact modeling, and AI-powered Q&A.
Your Privacy. Your data stays between you and this tool. We do not share, sell, or store personally identifiable financial data beyond what's needed to provide your analysis.
Disclaimer. This tool is for educational and informational purposes only. It does not constitute financial, legal, or tax advice. Consult a qualified professional before making student loan decisions.
© 2026 Sotirios T. Keros, MD PhD EA. All rights reserved.
Step 1: Select your current plan and whether you borrowed before July 2014.
Step 2: Enter your numbers. If married, check the box and enter spouse's income.
Step 3: Review costs under two scenarios: PSLF succeeds (balance forgiven) and fails (you owe the rest).
Auto-optimize filing: The tool files separately only in years where payment savings exceed the tax cost. Once your income alone hits the payment cap, it switches to joint — no reason to pay extra taxes when separate filing doesn't lower your payment.
IBR deducts a poverty allowance; payments capped at 10-year standard amount. RAP uses 1–10% tiered rates with no cap — can exceed IBR at high incomes. Each child reduces RAP by $50/mo. Government subsidizes unpaid interest + $50/mo principal.
⚠ IBR→RAP allowed. RAP→IBR NOT allowed. Consolidation = RAP only, permanently.
Disclaimer: This tool is for educational and informational purposes only. It does not constitute financial, legal, or tax advice. Consult a qualified professional before making student loan decisions. Results are estimates based on simplified models and may not reflect your exact situation.
Version: 3.0 · Last Updated: March 2026
Calculations based on federal student loan rules and repayment formulas as of March 2026. Laws, regulations, and program rules may change without notice.
Override salary, marital status, and more for each year. Pre-populated from your sliders.
Salary crossover analysis coming soon. This feature will compare PSLF savings against higher private-sector salaries.
Fellowship analysis coming soon. This feature will model how extended training affects your repayment strategy.
Ask questions about your results, repayment strategies, or how to use the tool.