Consolidation loans from July 1, 2026 use only the two new plans
What the document says“A Federal Direct Consolidation Loan offered to a borrower under this part on or after July 1, 2026, may only be repaid pursuant to a repayment plan described in clause (i) or (ii) of subsection (d)(7)(A) of this section, as applicable, and the repayment schedule of such a Consolidation Loan shall be determined in accordance with such repayment plan.”
The section adds a new paragraph (3) to section 455(g) of the Higher Education Act of 1965 so a Federal Direct Consolidation Loan offered on or after July 1, 2026 may be repaid only under the standard plan or the Repayment Assistance Plan, with its schedule set by that plan.
What the document actually says“A Federal Direct Consolidation Loan offered to a borrower under this part on or after July 1, 2026, may only be repaid pursuant to a repayment plan described in clause (i) or (ii) of subsection (d)(7)(A) of this section, as applicable, and the repayment schedule of such a Consolidation Loan shall be determined in accordance with such repayment plan.”
A loan that rolls others up may use only two plans. That covers such loans from July 1, 2026.
The two are the fixed plan and the new plan. The schedule follows the plan picked. No other plan is open.
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