Trump Student Loan Changes in 2026: Impacts and Criticisms
Starting in July 2026, significant changes to student-loan repayment, enacted in President Trump’s spending legislation, will begin. These changes involve replacing existing income-driven repayment plans with a standard repayment plan and a new Repayment Assistance Plan (RAP), which will offer income-based payments and forgiveness after 30 years. The legislation also introduces new borrowing caps for graduate and professional students, while eliminating the Grad PLUS program. Additionally, the SAVE plan will be phased out, potentially impacting millions of borrowers, and eligibility for income-based repayment plans is being expanded.
John Q. Hosedrinker