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The Repayment Assistance Plan (RAP) replaces prior income-driven models with a tiered schedule that charges a set percentage of adjusted gross income (AGI) that rises with earnings.
The (RAP) ties monthly federal student loan payments to a borrower’s adjusted gross income (AGI) using graduated income tiers that charge roughly 1–10% of total income, with program rules creating sha...
The replaces prior income‑driven models with a tiered schedule that charges a set percentage of adjusted gross income (AGI) that rises with earnings — broadly described in reporting as ranging from ab...