An Analysis of the Republican Student Debt Plan

Replacing Current Income Driven Replacement Loans with the Repayment Assista

Abstract: The House Republican plan to replace existing Income Driven Replacement (IDR) loans with a single plan called the Repayment Assistance Plan (RAP) has some desirable features. However, typical financial simulations understate the lifetime loan payments for many student borrowers under the RAP program. Moreover, the plan and the literature about…