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At-a-Glance✅ Payments still due and loan servicers remain open, collection activity will still happen.✅ IDR applications will still be processed.✅ Pell Grants and Direct Loans will continue…

Key PointsThe Repayment Assistance Plan (RAP) is set to replace current income-driven repayment options for federal student loans.Monthly payments under RAP scale with income, ranging from $10…

Key TakeawaysFederal student loan repayment is now simplified under OBBBA into just three main options: Standard, IBR, and RAP.The right plan depends on your income, loan balance,…