College Loan May 2026

: Now capped at $20,000 per year per student with a $65,000 lifetime limit.

: Unlike previous plans that allowed for $0 payments, RAP requires a minimum payment of $10 per month , even for borrowers with no income. college loan

: Limited to $50,000 per year (lifetime cap of $200,000). : Now capped at $20,000 per year per

: For those not using RAP, the Standard Repayment Plan now uses a tiered system based on your total debt: Under $25,000: 10-year term. $25,000–$50,000: 15-year term. $50,000–$100,000: 20-year term. $100,000+: 25-year term. Non-Loan Funding Alternatives : For those not using RAP, the Standard

: Monthly payments are set at 1% to 10% of your annual adjusted gross income.

The most significant "interesting" feature appearing in 2026 is the , a streamlined federal income-driven option that officially replaces older, more complex plans like SAVE and PAYE for new borrowers starting July 1, 2026 . Key Features of the New "RAP" Plan