The Repayment Assistance Plan (RAP) is now live in the Finology Software Federal Loan Simulator. Advisors can model it today — well ahead of the July 1, 2026 transition that reshapes federal student loan repayment under the One Big Beautiful Bill Act.
This is the change that matters most for any advisor with federal-loan clients. Beginning July 1, 2026, RAP consolidates the federal income-driven repayment landscape into a single, simplified structure, with repayment timelines extending up to 30 years. Your clients’ plans, payments, and forgiveness math are about to move — and the planning window to get ahead of it is now.
What’s In the Update
The Federal Loan Simulator now calculates RAP alongside the plans you already model — IBR, PAYE, ICR, and the legacy options — so you can run a client’s full picture side by side and see exactly how the transition changes their payment and long-term cost. Drop in an NSLDS file, run the scenarios, and the RAP projection is right there in the comparison, OBBB-compliant and ready for client conversations.
That means you can do three things today that you couldn’t before:
- Model a client’s move from their current plan to RAP and quantify the difference.
- Compare RAP against IBR and the remaining options to find the right path before the rules change.
- Build a client-ready plan around the July 1 transition instead of reacting to it after the fact.
The Most Important Savings for Your Clients
The advisors who look prescient this year are the ones running these conversations in the spring, not in August. The OBBB changes don’t only touch RAP — they tighten Parent PLUS borrowing, eliminate Grad PLUS, and reset the borrowing sequence for the next school year. Repayment and borrowing now interact across a whole household. (For the bigger picture, see The OBBB Era: Multigenerational Student Loan Planning.)
Getting RAP into the simulator ahead of the deadline means you can model the new world before your clients are living in it.
Try it
Log in and run a RAP scenario on a real client file, or start a free trial and import an NSLDS file to see the comparison for yourself.
Written by Alex Bottom, Founder, Finology Software.
