New Repayment Assistance Plan (RAP): Payments, Forgiveness, and Qualifications
Starting July 1, 2026, the U.S. Department of Education will replace most existing repayment plans with a new Repayment Assistance Plan (RAP) for federal student loans. The RAP adjusts monthly payments based on income and extends repayment terms for many borrowers. Parent PLUS Loan holders are excluded from this plan unless they consolidate their loans before July 1.
Topics: federal student loans loan repayment options Repayment Assistance Plan (RAP)