Key Points ・The Repayment Assistance Plan (RAP) is set to replace current income-driven repayment options for federal student loans. ・Monthly payments under RAP scale with income, ranging from $10 ...

After these new regulations go into effect in just a few months, millions of borrowers will start experiencing higher monthly payments on their student loans.

Student loan interest rates remain fairly stable, but federal rates are likely to change in the second half of the year ...