This information applies to you if you're currently enrolled and have not started loan repayment. Information on this page is subject to change as further federal regulations and guidance are issued throughout the 2025-2026 academic year.
After graduation, or when you cease enrollment below half-time, you will select a payment plan for your student loans. Contact your loan servicer for guidance.
New and Updated Payment Plans
Standard Repayment Plan
- Fixed payments over 10-25 years (based on debt amount)
- Pays off loans fastest, lowest total interest
Repayment Assistance Plan (RAP)
- Income-based payments (minimum $10/month)
- Forgiveness after 30 years (360 payments)
- Good for variable income or public service careers
Income-Based Repayment (IBR)
- Only available if you borrowed prior to July 1, 2026, and do not borrow after July 1, 2026
- Payments capped at 10% of discretionary income
- Forgiveness after 20 years
Public Service Loan Forgiveness (PSLF)
Current PSLF requirements continue until further notice. The Department of Education will clarify which new plans qualify for PSLF and how payment counts transfer.
Requirements:
- Full-time work for a qualifying employer (government/eligible nonprofit)
- Payments made under a qualifying repayment plan
- 120 qualifying payments