RAP Plan Explained: The New Income-Driven Repayment Plan Starting July 1, 2026

The RAP plan (Repayment Assistance Plan) goes live July 1, 2026 — and if you have federal student loans, you need to know what this changes.In this episode, Kristin sits down with Kaitlin Hile (PharmD, BCCP) to break down what RAP is, how it works, and how to know whether it’s actually the right income-driven repayment plan for your situation (especially if you’ve been on SAVE or were planning to use SAVE).Inside, you’ll hear:What RAP replaces and why payments may look different than SAVEThe simple way RAP payments are calculated (and why AGI strategy matters)Who may be better served by a different IDR option depending on when they borrowedThe big tradeoff to understand before you commit to an income-driven path long-termWhat to do now so you’re not scrambling when July 1 hitsWhat you’ll learnRAP plan basics + what changes July 1, 2026RAP payment calculation overview (AGI + household factors)RAP vs “new IBR” considerations for certain borrowersHow to think about IDR plans in the context of your broader strategy (PSLF vs taxable forgiveness vs repayment)✅ Book a call (MiM Team)If you’re not 100% sure which repayment path you’re on (or what the total cost will be), don’t guess.Book an application call with the Millionaires in Medicine Team here: https://www.millionairesinmedicine.com/coach✅ Buy Kristin’s bookThe PA Millionaire Path is officially out. If you’ve ever felt like you’re earning a great income but still barely keeping up, this book is your roadmap for turning PA income into real wealth.👉 Buy it here: https://www.millionairesinmedicine.com/pabookDisclaimerThe Millionaires in Medicine Show is for educational and informational purposes only. The content shared is not intended as medical, legal, financial, or investment advice and should not be relied upon as such.