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
: Borrowers can subtract $50 per month from their calculated payment for each dependent child listed on their tax return.
: Starting July 1, 2026, Graduate PLUS loans will no longer be available for new borrowers. New Borrowing Caps :
: Limited to $20,500 per year (lifetime cap of $100,000).