Starting July 1, millions of federal student loan holders will have two new ways to repay their debt. Here's what to know about the additional options.

・All borrowers on SAVE, PAYE, and ICR will be moved to a version of IBR between 2026 and 2028. ・The new Repayment Assistance Plan (RAP) begins in July 2026 as an optional plan for income-based ...

・Borrowers with federal loans issued after July 1, 2026, will choose between the new Standard Plan or a new income-based option called the Repayment Assistance Plan (RAP). ・Existing borrowers must ...

WASHINGTON, DC - JULY 04: President Donald Trump bangs a gavel after signing the "One, Big Beautiful Bill" Act into law on the South Lawn of the White House on July 04, 2025 in Washington, DC. The ...

Should you enroll your federal student loans in RAP when it launches this summer? As is often the case, it depends. Here's a breakdown.

Federal student loan rules are set to change July 1, and borrowers who wait could have fewer repayment choices than they have ...

See more of our coverage in your search results. Add The New York Post on Google Millions of student loan borrowers will need to switch to new repayment plans starting July 1 – and the plan you choose ...