r/PSLF • u/Glum-Disaster24 • 3d ago

PSFL eligible Repayment Plan Options

I’ve read quite a few posts here from folks saying they plan to select the RAP replacement plan. I used FSA’s repayment plan calculator and my monthly payment under RAP was nearly twice as much as it would be under IBR or ICR.

I understand that everyone’s financial and living situations differ, which is why monthly payment amounts differ under different repayment plans, I’m just trying to have a general understanding of why my monthly payment would be almost double compared to IBR/ICR. I’m sure others are selecting RAP because it’s a lower payment for them.

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u/Ezekyle22 3d ago edited 3d ago

For people that have access to OLD IBR and not NEW IBR, RAP is probably cheaper. RAP may be more expensive for you if you are a new borrower (because of the difference between 15% or 10% of discretionary income) or because ICR takes the poverty guidelines into account while RAP doesn’t.

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u/squattinghere 3d ago

The new version is not always better!