For millions of student loan borrowers, repayment options will look different soon. The U.S. Department of Education will phase out some Income-Driven Repayment (IDR) plans, eventually leaving just two options for those looking to reduce their payments: Income-Based Repayment (IBR) and the new Repayment Assistance Plan (RAP). If you have outstanding federal loans or plan on taking out new loans in the future, here's what you need to know about IBR vs. RAP. IBR at a glance Since 2009, eligible federal ...