Trump Administration Launches New Two-Plan Student Loan Repayment System
· Texas Border Business
Starting July 1, 2026, new provisions from the Trump Administration's Working Families Tax Cuts Act will simplify student loan repayment for federal borrowers. Two new plans are now available: the Tiered Standard repayment plan, which offers fixed terms based on the loan amount, and the income-driven Repayment Assistance Plan (RAP), where monthly payments are determined by income. Borrowers can benefit from interest waivers and matching principal payments. Additionally, new loan limits for graduate programs aim to prevent excessive borrowing. The Workforce Pell program will also launch, providing access to short-term education programs to meet workforce needs.
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