Loan Repayment

Repayment Plans

Federal Direct loans with a first disbursement date on or after July 1, 2026 will be eligible for only two repayment plans: a restructured Standard repayment plan with a repayment period ranging from 10 to 25 years, or a new income-driven Repayment Assistance Plan (RAP) with a 30-year repayment period. This applies to first-time Direct loan borrowers as well as those who have already borrowed for their current programs.

Borrowers with no new loans made on or after July 1, 2026, can continue to be eligible to enroll in the current Standard, current Income Based (IBR), Graduated, and Extended repayment plans, and could also opt in to the new RAP. Current borrowers enrolled in ICR, PAYE, or SAVE plans must transition to a new repayment plan by July 1, 2028. If no selection is made by that date, they will be moved into RAP.

Borrowers can find more detailed information about current repayment plans at Federal Student Loan Repayment Plans. Note: this web page does not yet provide details about the new repayment plans available to borrowers of new loans made on or after July 1, 2026.

Repayment Calculators

Below are two loan repayment calculators that can help borrowers compute estimated loan payments.

Updated on February 3, 2026 11:16 AM