Loans made from July 1, 2026 get two repayment choices
What the document says“the Secretary shall offer a borrower of a loan made”
The section amends section 455(d) of the Higher Education Act of 1965 so the older plans apply only to loans made before July 1, 2026, and bars the Secretary from offering, carrying out or changing any other plan for a later loan. From July 1, 2026 a borrower gets two choices: a standard plan with a fixed monthly amount over 10 years for a balance under $25,000, 15 years to $50,000, 20 years to $100,000 and 25 years above that, or the Repayment Assistance Plan. A borrower who does not choose gets the standard plan, may switch either way at any time, and may prepay without penalty.
What the document actually says“the Secretary shall offer a borrower of a loan made”
The Secretary must offer the borrower a choice. It covers loans made from a set date.
There are two plans only. One is a fixed plan of 10 to 25 years. The term tracks how much is owed.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.