46,000 Borrowers Move Student Loans To New Repayment Plan On First Day ^19%

Forbes - By Adam S. Minsky - 7/2/2026, 12:26 PM

Appeal to Authority 18.8% - Negativity Bias 18.2% - Optimism Bias 9.8%

Thousands of borrowers have applied to enroll their student loans in the Repayment Assistance Plan, or RAP, a new income-driven repayment option that launched on Wednesday. Nearly 50,000 borrowers had applied to RAP within the first 24 hours of the program’s debut, said Education Department officials. “@usedgov launched the new... more