student loan, IBR and SAVE Plan
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Under Trump's "One Big Beautiful Bill," as of July 1, 2026, new federal student loan borrowers will have just two repayment options: a standard repayment plan and an income-driven repayment plan called the Repayment Assistance Plan (RAP).
President Donald Trump's "one big beautiful bill" is bringing changes to the federal student loan system that will affect millions of borrowers.
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CNET on MSNStudent Loan Repayment Plans Will Last as Long as Most Mortgages. How Much the New Budget Bill Will Cost YouMonthly payments could drop, but most borrowers will pay more in interest over time. What to expect now that President Trump's "Big Beautiful Bill" is law.