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Repayment + Forgiveness

Loan Repayment

students at graduation For the most recent and accurate information regarding federal student loan repayment, please visit studentaid.gov or contact your loan servicer directly.

New Repayment Options

Starting July 1, 2026, federal student loan borrowers will choose between the following two repayment plans:

Standard Repayment Plan

Fixed monthly payment based on loan amount
Repayment term is generally 10 years, but the repayment term may be extended in certain circumstances. Loan servicers will have the most recent information.
No income consideration
Automatic enrollment for borrowers who don't select a plan.

Repayment Assistance Plan (RAP)

Monthly payments are based on a percentage of adjusted gross income (AGI).

Additional Loan Repayment Resources

Loan Forgiveness, Cancellation and Discharge

For the most current information regarding loan forgiveness, cancellation, and discharge options, please contact your loan servicer. More information can be found at student.gov/manage-loans/forgiveness-cancellation.