Under the new regulations, three other income-driven repayment (IDR) plans: Income-Contingent Repayment (CIR), Pay As You Earn (PAYE), and Saving on a Valuable Education (SAVE) are being phased out by 2028.
RAP also mandates a longer repayment period of 30 years before borrowers can qualify for student loan forgiveness, unlike older plans which allowed for this after 20 or 25 years.
“One stark difference is that it removes the ‘income protection’ that all prior plans have, which is meant to ‘protect’ a certain amount of a borrower’s income so they can stay current on their loan payment while still having enough funds to cover their basic needs.”
RAP also has a minimum required monthly payment amount, even if a borrower has no income at all. In contrast, ICR, IBR, PAYE, and SAVE have a safe harbor that allows for monthly payments of $0 if a borrower has little or no income.
https://www.newsweek.com/student-loan-update-warning-issued-over-trumps-new-plan-2112027