Education Department Integrates New Student Loan Repayment Assistance Plan

The U.S. Education Department has updated its income-driven repayment (IDR) application to include the new Repayment Assistance Plan (RAP). Enacted under President Trump's One Big, Beautiful Bill Act, RAP will become the sole IDR option for new federal student loans or consolidations starting July 1, 2026, phasing out existing plans like SAVE. This change significantly alters federal student loan repayment options.