Soo... who would actually benefit from RAP vs IBR?
I feel like I'm missing something. RAP seems to have higher payments AND a longer forgiveness period.
I'm a very low earner with a 15k balance. My monthly IBR payment would be around $20 and $40 for RAP. 30 year forgiveness for RAP vs 20 year for IBR. Am I missing something, or is RAP just a terrible option in general? They've jerked us around so much I'm not confident that it can really be that easy.
u/SomnusxInsomnia — 1 day ago