Nearly 46,000 borrowers apply to new student loan Repayment Assistance Plan on launch day
By
Adam S. Minsky
5d ago· 8 min readenNews
Summary
The U.S. Department of Education launched a new income-driven student loan repayment plan called the Repayment Assistance Plan (RAP), which saw nearly 46,000 borrowers apply within the first 24 hours of its debut. Under Secretary of Education Nicholas Kent announced the milestone on social media, encouraging eligible federal student loan borrowers to enroll. The program represents a new option for borrowers seeking more manageable repayment terms.
Source
bskyNearly 46,000 borrowers apply to new student loan Repayment Assistance Plan on launch dayforbes.comKey quotes
· 2 pulled@usedgov launched the new income-driven Repayment Assistance Plan today, and nearly 46,000 borrowers have already submitted an application to enroll!
Kent encouraged borrowers with eligible federal student loans to
Thousands of borrowers applied to enroll their student loans in the new Repayment Assistance Plan within the first 24 hours of the program becoming available.
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