income-based repayment plan
Coverage of income-based repayment plan in the Nexus archive.
- Trump’s sweeping changes to student loans go into effect. Here’s what they mean for you
President Donald Trump's One Big Beautiful Bill Act introduces new federal student loan repayment plans and stricter borrowing limits, affecting lower-income borrowers, graduate students, and parents. The changes include a tiered standard repayment plan and a Repayment Assistance Plan (RAP), with existing repayment options set to be phased out by 2028.
- SAVE student loan plan ending: What borrowers need to know
Starting July 1, 7.5 million borrowers in the SAVE student loan repayment plan have 90 days to select a new plan before being moved to the standard repayment plan. Borrowers must check with their loan servicers for updates, and options include the standard plan, income-based repayment (10-15% of discretionary income), or the new Repayment Assistance Plan (RAP) launching in July.
- SAVE student loan plan ending: What borrowers need to know
Starting July 1, the SAVE student loan repayment plan will end, giving borrowers 90 days to choose a new plan. Borrowers who do not select a new plan will be moved to the standard repayment plan, with payments due by October 2026. Options include the standard plan, income-based repayment (10-15% of discretionary income), or the new Repayment Assistance Plan (RAP) starting at $10/month.