WASHINGTON, DC - AUGUST 08: U.S. President Donald Trump at the White House on August 8, 2025 in Washington, DC. Trump's "Big, Beautiful Bill," which he signed into law in July, creates a new student ...

Stream NBC 5 for free, 24/7, wherever you are. RAP is what the Education Department calls an "income-driven repayment plan." Congress created the first IDR plans back in the 1990s to make student loan ...

If you’ve never heard of Income-Sensitive Repayment, you’re not alone. This little-known option for student loans can offer relief if you’re struggling to keep up with your loan payments.

The Trump administration has reached an agreement that could end President Biden's signature student loan repayment plan, a move that may force millions of borrowers back into repayment. The Education ...

Millions of student loan borrowers who were enrolled in a Biden-era repayment plan will soon see their monthly payments increase after the current administration restarted interest accrual Aug. 1.

The second Trump administration has ushered in many changes for student loan borrowers. These changes include, as part of the budget reconciliation bill, a brand-new repayment plan: The Repayment ...

Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. Bonnie Cash / UPI / Bloomberg via ...

・The SAVE repayment plan is officially cancelled but borrowers are waiting for a date on when the administrative forbearance will end. ・The One Big Beautiful Bill officially eliminates SAVE and move ...

Here's what to know about RAP. What are the new repayment plan's terms? RAP is what the Education Department calls an "income-driven repayment plan." Congress created the first IDR plans back in the ...

Next year, millions of borrowers will have access to that new option, called the "Repayment Assistance Plan," or RAP. Because the legislation also phases out a number of the U.S. Department of ...