President Donald Trump's proposed budget bill includes a new student loan repayment plan that could significantly increase payments for some borrowers. The Student Borrower Protection Center estimates average annual payment increases of nearly $3,000 for some borrowers under the new plan.

Key Points ・Borrowers with federal loans issued after July 1, 2026, will choose between the new Standard Plan or a new income-based option called the Repayment Assistance Plan (RAP). ・Existing borrowers must transition by July 1,

A new Senate bill, supported by President Donald Trump and led by Senate Republicans, aims to significantly alter the federal student loan repayment system, particularly targeting