Debt
Student Loan Overhaul Is Live: New RAP Plan Open, SAVE Borrowers Must Act
via U.S. Department of Education
A new federal repayment program called RAP now lets borrowers make payments based on their income and household size. Those still enrolled in the court-blocked SAVE plan are being directed to choose a different qualifying option before the old plan fully winds down.
Why it matters
Borrowers left in the SAVE plan without switching could lose access to income-based payment protections and risk delinquency as the plan is phased out.


