Student loan borrowers face steeper 'marriage penalty' under new repayment plan

PA educator calls US student loan burden an affordability crisis

Pennsylvanians are struggling to keep up with their payments as changes to the federal student loan system resulting from President Donald Trump’s One Big Beautiful Bill Act take effect. One in five borrowers, or nearly 9 million Americans, is in default. Jessica Newell, a middle school counselor and member of the Philadelphia Federation of Teachers union, said she paid $90 a month under the Saving on a Valuable Education income-driven repayment…

Student loan borrowers face steeper 'marriage penalty' under new repayment plan

Married Americans holding student loans now confront a more pronounced “marriage penalty” under the Department of Education’s newly launched Repayment Assistance Plan, according to financial experts. The penalty occurs when combining both spouses’ incomes for income-driven repayment calculations results in significantly higher monthly payments than if borrowers were single. With over 42 million Americans carrying student debt totaling $1.6 trill…

New Student Loan RAP Plan Explained: What Borrowers Need to Know

✕ What does the new RAP student loan repayment plan mean for new borrowers? On this episode of Money Matters Monday on 105.3 RNB, host Olympia D. talks with financial planner, educator, and FIRE expert Jackie Cummings Koski about the new Repayment Assistance Plan (RAP) and how it may affect students and recent graduates entering repayment. RELATED: Are Your Student Loans In Default? Here’s What’s HappeningRELATED: Borrower Defense Relief Could W…