Thousands of borrowers applied to enroll their student loans in the new Repayment Assistance Plan within the first 24 hours ...

・Starting July 1, 2026, the Repayment Assistance Plan (RAP) becomes the new income-driven option for federal student loan borrowers. Existing borrowers must choose between RAP and Income-Based ...

Federal student loans in the SAVE plan will begin accruing interest on Aug. 1, 2025. Switching to the Income-Based Repayment plan helps earn credit towards debt forgiveness. Lawsuits may affect future ...

This voice experience is generated by AI. Learn more. This voice experience is generated by AI. Learn more. Education Secretary Linda McMahon testifies during a Senate hearing on Capitol Hill, Tuesday ...

Trump's Department of Education said it plans to remove the partial financial hardship requirement to enroll in income-based ...

Repaying your student loans isn't just costly — it can also be confusing. Both federal and private student loan borrowers have numerous repayment options with varying repayment periods and monthly ...

Choosing an income-driven repayment plan can make your student loan payments manageable if your income is too low to support a standard repayment schedule. But income-driven repayment plans require ...

Fri, May 15, 2026 at 7:12 PM UTC In six weeks, federal student loan borrowers will have access to a new income-driven repayment (IDR) plan that lowers monthly payments for many, while pushing the ...

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 ...

Sweeping federal student loan changes start July 1. Borrowers face new caps and repayment plan shifts that may affect your ...

Borrowers in SAVE could be contacted around July 1 and given 90 days to choose a new plan. Acting early may help avoid higher monthly payments.

Income-driven repayment plans may have lower monthly payments than a standard repayment plan, depending on your income. Repayment timelines of 20 to 30 years can increase your total amount paid.