After these new regulations go into effect in just a few months, millions of borrowers will start experiencing higher monthly payments on their student loans.

In late April 2025, the House Education and Workforce Committee, led by Republican lawmakers, unveiled a comprehensive student loan reform proposal with a significant new income-driven repayment ...

・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 ...

・Federal student loan repayment is now simplified under OBBBA into just three main options: Standard, IBR, and RAP. ・The right plan depends on your income, loan balance, and career goals, with RAP ...