The payoff for lower-income borrowers, however, is that they reach forgiveness sooner under the Trump plan and they pay less money overall.
According to the analysis, a debtor earning $20,000 would have loans forgiven under either the REPAYE or Trump plan.
Over the course of 20 years, someone who originally borrowed about $24,000 in federal loans at an interest rate of 4.1 percent, will pay $14,166 toward what is owed under the REPAYE program, with $35,041 forgiven.
On the other hand, under Trump's plan, this same person will have paid $12,046 over 15 years and have $29,543 forgiven. See the chart below.