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RAP vs. IBR: What Student Loan Borrowers Need To Know
The final version of the One Big Beautiful Bill is going to reshape the future of student loan repayment.
Starting July 1, 2026, all new federal student loan borrowers will only have two options: the revised Standard Plan or the newly introduced Repayment Assistance Plan (RAP). For current borrowers, the transition comes between 2026 and 2028, when legacy plans like SAVE, PAYE, and ICR will be phased out and borrowers will be forced to move into either the RAP plan, or the IBR plan.
The RAP plan calculates monthly payments on a sliding scale, ranging from 1% to 10% of adjusted gross income. A…
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