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Repayment Assistance Plan (RAP): How payments work in 2026
The Repayment Assistance Plan, or RAP, is a new federal income-driven repayment plan available since July 1, 2026. Instead of basing your…
Tag: income-driven repayment
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RAP vs IBR in 2026: Which student loan repayment plan is better?
Neither RAP nor IBR is automatically better in 2026. If you are eligible for both, start by comparing the actual monthly payment…
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Missed the Parent PLUS IDR deadline? What you can still do in 2026
The July 1, 2026 Parent PLUS consolidation deadline has passed. If your Parent PLUS loans were not already paid off by a…
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How to switch out of the SAVE plan in 2026: Step-by-step guide
To switch out of the SAVE plan, log in to StudentAid.gov, use the Repayment Calculator to compare the plans you are eligible…
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What happens if you do nothing when the SAVE Plan ends?
If you do nothing after receiving your SAVE Plan exit notice, your federal loan servicer will eventually move you into either the…
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Student loans vs. credit card debt: Which should you pay off first?
If you have both student loans and credit card debt, make every required payment first, then put your extra money toward the…