Federal Loan Repayment Plan Comparison

⚠️ Important IDR Disclaimer Major federal repayment plan changes took effect July 1, 2026 under the One Big Beautiful Bill Act. SAVE is being wound down — existing SAVE borrowers must choose a new plan by approximately September 29, 2026 or be automatically moved to the Standard Repayment Plan on October 1, 2026. PAYE and ICR are closed to loans first disbursed on or after July 1, 2026, and current PAYE/ICR borrowers must transition to another plan by July 1, 2028. RAP (Repayment Assistance Plan) is a new plan available starting July 1, 2026 and is the only income-driven repayment option for loans disbursed on or after that date. These projections are estimates based on published 2026 rules and do not yet include a full RAP payment calculation. Always verify your specific plan status and eligibility at studentaid.gov before enrolling. Forgiven amounts may be subject to federal income tax depending on current law.