College Loan -

: Borrowers can subtract $50 per month from their calculated payment for each dependent child listed on their tax return.

: Limited to $20,500 per year (lifetime cap of $100,000). college loan

: Any remaining balance is forgiven after 30 years of consistent repayment. Other Major Changes in 2026 : Borrowers can subtract $50 per month from

: The plan is designed to shield borrowers from "runaway interest," ensuring that full, on-time payments help reduce the actual principal balance over time. Other Major Changes in 2026 : The plan

: Unlike previous plans that allowed for $0 payments, RAP requires a minimum payment of $10 per month , even for borrowers with no income.

: Monthly payments are set at 1% to 10% of your annual adjusted gross income.

: Limited to $50,000 per year (lifetime cap of $200,000).