RAP Is Here: What the New Default Student Loan Repayment Plan Means
Published by Finology Software · For financial advisors and the borrowers they serve On July 1, 2026, the federal student loan system changed more than it has in a decade. The Repayment Assistance Plan — RAP — became the new default income-driven repayment plan, and the plans many borrowers have relied on for years began […]
The 2026 Reality: What Higher Earners Need to Know About Student Loan Repayment Under RAP
Beginning July 1, 2026, the new Repayment Assistance Plan (RAP) will simplify income-driven repayment by consolidating multiple federal programs into one unified structure. While this change is designed to streamline repayment for most borrowers, it also creates a classic repayment scenario for others, where the full balance will be paid off, and the primary goal […]