Big Bill Alert: New RAP Plan & Public Service Forgiveness Boost

“Big Bill Alert: New RAP Plan & Public Service Forgiveness Boost”

A fresh twist in the student‑loan saga:

• Coming July 2026, the Repayment Assistance Plan (RAP) launches, capping payments at 1–10% of income and qualifying for Public Service Loan Forgiveness (PSLF) after just 10 years YouTube+2Business Insider+2PBS+2studentaid.gov+6Investopedia+6Investopedia+6.
• After that, RAP and IBR will be the only income-driven plans for new borrowers; older plans like SAVE, PAYE, and ICR will be phased out by 2028 PBS+2Student Loan Borrowers Assistance+2Investopedia+2.
• Current borrowers can switch to RAP or IBR, but be aware: RAP forgiveness stretches over 30 years versus 20–25 under IBR Investopedia.

Action tip: If you work in public service, RAP + PSLF could be ideal. Otherwise, IBR remains a solid route with quicker forgiveness.