The Revised Assistance Plan (RAP) is a proposed student loan repayment plan introduced in the new Reconciliation Bill. RAP is designed to offer an income-based repayment structure with protections for low-income borrowers and families. Note, this plan would only be available to borrowers with new student loans disbursed on or after July 1, 2026.
Your monthly payment under RAP is based on your Adjusted Gross Income (AGI) and the number of dependent children you have.
Your annual payment is calculated using a tiered percentage of your AGI:
| AGI Range | Annual Payment |
|---|---|
| $0 – $10,000 | Flat $120/year |
| $10,001 – $20,000 | 1% of AGI |
| $20,001 – $30,000 | 2% of AGI |
| $30,001 – $40,000 | 3% of AGI |
| $40,001 – $50,000 | 4% of AGI |
| $50,001 – $60,000 | 5% of AGI |
| $60,001 – $70,000 | 6% of AGI |
| $70,001 – $80,000 | 7% of AGI |
| $80,001 – $90,000 | 8% of AGI |
| $90,001 – $100,000 | 9% of AGI |
| Over $100,000 | 10% of AGI |
You will then take your calculated annual payment and divide it by 12 to find your monthly amount. For each dependent child, subtract $50 from your monthly payment. If your calculated monthly payment is less than $10, you'll pay the minimum of $10 per month.
If your monthly payment doesn’t reduce your principal by at least $50, the government will apply an additional credit to make up the difference (up to $50 or your payment amount, whichever is less).
This ensures that your loan balance decreases by at least $50/month, protecting you from negative amortization.
This plan is not currently available and is only a proposal. Lawmakers must go through several more steps for any of these proposed changes to go into effect.