Repayment Assistance Plan

A Repayment Assistance Plan (RAP) is a program that helps borrowers manage student loan repayments if they face financial difficulties. Instead of making full payments, eligible borrowers can reduce their payments or pause them temporarily, making it easier to keep up with their loans. The goal is to prevent default and ensure borrowers can gradually repay their loans without undue hardship. Different programs may have specific conditions, but overall, RAPs are designed to provide flexible support during times of financial stress.