Repayment Assistance Plan
About this episode
This episode discusses the new Repayment Assistance Plan and its implications for borrowers with federal loans.
A brand new income-driven repayment (IDR) plan is coming, and the rules are stricter than anything borrowers have dealt with before. We break down what we know about the Repayment Assistance Plan (RAP): who qualifies, how payments are calculated, and the deadlines you may need to beat before older plans like Pay As You Earn (PAYE) close their doors. If you have federal loans and want to make the right move during this transition window, this is where to start. Key moments: (03:57) Checking your loan types and RAP eligibility (06:38) How RAP payments are calculated (10:44) Unpaid interest subsidy and other RAP features (18:26) RAP’s 30-year forgiveness and how it impacts PSLF Resource mentioned: Repayment Assistance Plan (RAP) Calculator Like the show? There are several ways you can help! Follow on Apple Podcasts , Spotify or Amazon Music Leave an honest review on Apple Podcasts Subscribe to the newsletter Join SLP Insiders for student loan loopholes, SLP app and member community Feeling helpless when it comes to your student loans? Try our free student loan calculator Check out our refinancing bonuses we negotiated Book your custom student loan plan Get profession-specific…
People in this episode
Host: Travis Hornsby
Topics covered
- income-driven repayment
- student loans
- Repayment Assistance Plan
- federal loans
- loan eligibility
- payment calculation
- forgiveness
Mentioned in this episode
Organizations: Repayment Assistance Plan (RAP), Pay As You Earn (PAYE), SLP YouTube Channel, SLP Insiders, Student Loan Planner, Apple Podcasts, Spotify, Amazon Music
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