The
#Trump administration will be launching a new student
#loan repayment plan in the coming months. The new option is intended to replace several older programs that have allowed borrowers repay their student loans based on their income, with eventual
#studentloan forgiveness after years in repayment. But one borrower advocacy organization is warning that the new plan is akin to a debt trap.
The Repayment Assistance Plan, or
#RAP, is being created under the “Big, Beautiful Bill” that President Donald Trump signed into law in July.
Tap the link in our bio for what student loan
#borrowers should know about RAP, and why one advocacy group is sounding the alarm. (Photo: Andrew Harnik via Getty Images)