College: Loan

: Limited to $20,500 per year (lifetime cap of $100,000).

The most significant "interesting" feature appearing in 2026 is the , a streamlined federal income-driven option that officially replaces older, more complex plans like SAVE and PAYE for new borrowers starting July 1, 2026 . Key Features of the New "RAP" Plan college loan

: Now capped at $20,000 per year per student with a $65,000 lifetime limit. : Limited to $20,500 per year (lifetime cap of $100,000)

: Any remaining balance is forgiven after 30 years of consistent repayment. Other Major Changes in 2026 : Limited to $20

: Unlike previous plans that allowed for $0 payments, RAP requires a minimum payment of $10 per month , even for borrowers with no income.