The Repayment Assistance Plan, or RAP, is the newest student loan repayment plan, created from President Donald Trump’s “big, beautiful bill.” The plan is slated to roll out on July 1, 2026. It will replace the existing income-driven repayment program. While some borrowers might have lower monthly bills on RAP compared to existing income-driven repayment
For students who have taken out loans or plan to, President Donald Trump’s “One Big Beautiful Bill” – which he signed late last month – could have drastic effects. From restricting how much people can borrow to completely eliminating repayment plan options, the bill will be widely felt, according to Michael Dannenberg, deputy commissioner for
Established by Congress in 1934 amid the Great Depression, the Federal Housing Administration (FHA)—part of the Department of Housing and Urban Development (HUD)—was created to help expand homeownership by facilitating access to affordable financing. Despite the name, FHA loans aren’t funded by the government. Instead, the FHA insures loans issued by approved lenders. This federal
Sen. Ron Johnson comments on President Donald Trump’s tax policy bill Senator Ron Johnson, R-Wisconsin, comments on President Donald Trump’s tax policy bill during a Milwaukee Press Club luncheon in Milwaukee. The One Big Beautiful Bill Act, President Donald Trump’s tax and spending bill signed into law July 4, is bringing changes to the federal
President Donald Trump is carrying through on his campaign promise to dismantle many student loan forgiveness and repayment plans through the “One Big Beautiful Bill Act,” which he signed into law July 4. Lynn Pasquerella, president of the American Association of Colleges and Universities, told The New York Times that the policy changes will ultimately
hand holding envelope with overdue bill- vector illustrationAdobe Stock Late-payment rates among U.S. households remained elevated in the second quarter of 2025, driven in part by another steep slide into serious delinquency by student loan borrowers. By the end of June, 4.4% of Americans’ total outstanding debt was in some form of delinquency, according to
NEW YORK (AP) — Between rising prices and dwindling job growth, using “buy now, pay later” on everything from concert tickets to fast food deliveries is becoming increasingly appealing. But greater use could also mean greater trouble, as more people fall behind on repaying these loans. Buy now, pay later loans gained popularity during the
Private Credit isn’t just for traditional players as Fintech becomes a key part of the strategy. getty From VC Freeze to Private-Credit Thaw In 2024, fintech founders were lamenting a venture-capital drought so severe it made the 2008 haze look balmy. Fast-forward 18 months, and the problem is almost the opposite: giant private-credit funds are
A week after reporting a second consecutive quarterly loss, Florida-based BayFirst Financial has shuttered the small-dollar Small Business Administration lending program that lays at the heart of its problems. BayFirst announced late Monday it has terminated its Bolt loan program. As part of the decision, the $1.3 billion-asset BayFirst laid off its 26-person Bolt team,
You’ve finished applying to college, got accepted and made your decision. Now it’s time to apply again, this time for financial aid. Whether you’re looking to cover the full cost or just fill in the gaps, student loans can help make college more affordable by spreading out the payments over time. Here’s how to apply