Student loan “forgiveness” is getting patched into a 30-year subscription

$183 billion in student loans already got wiped through PSLF and income-driven repayment, and now they’re trying to “simplify” the system by turning forgiveness into a 30-year endurance sport.

Yeah. Thirty. As in: you can finish paying your loans around the same time your knees start making microwave noises.

A bunch of the current income-driven repayment plans are set to sunset by July 2028. That means borrowers who thought they had a reasonably humane ramp to forgiveness get funneled toward the new shiny option: RAP, the Repayment Assistance Plan.

RAP’s big selling point is “streamlining” repayment and eventually forgiving remaining balances after 30 years. Which is a great deal if you’re a bank, a servicer, or a politician who needs the number to look smaller on paper this decade.

And just to keep the vibe consistent: the people who benefit most are the ones who can wait you out. Congress rotates every two years, student loan companies bill every month, and you get to carry a balance like it’s a cursed family heirloom.

If you’re a borrower, this isn’t “relief.” It’s a generational subscription model where the cancellation email arrives after three decades of autopay and emotional damage.