How can you apply for student loan forgiveness in 2026?
Summary
New rules for federal student loans started on July 1, 2026, changing repayment plans and how borrowers can apply for loan forgiveness. Borrowers need to review their loans and choose repayment plans that fit the updated options to qualify for forgiveness programs.Key Facts
- A new repayment plan called the Repayment Assistance Plan (RAP) began July 1, 2026.
- Borrowers with loans disbursed on or after July 1, 2026, generally only have RAP as their income-driven repayment option.
- Older loans may still qualify for other repayment plans like PAYE or ICR, which will retire by July 1, 2028.
- Public Service Loan Forgiveness (PSLF) cancels remaining loan balances after 120 qualifying payments for eligible government or nonprofit employees.
- Each forgiveness program requires specific applications or certifications, such as the PSLF Help Tool or IDR applications on StudentAid.gov.
- Borrowers should regularly check their loan accounts to track qualifying payments and certifications.
- Refinancing options may be considered but borrowers should review how refinancing could affect eligibility for forgiveness programs.
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