Boy_anupong | Moment | Getty Images Millions of federal student loan holders will have access to two new repayment options starting July 1, due to changes included in the One Big Beautiful Bill Act . As a result of the legislation, some student loan repayment plans are also going away. The Repayment Assistance Plan, or RAP, is the U.S. Department of Education's latest income-driven repayment plan, or IDR, meaning it sets borrowers' monthly bills at a share of their income. The other new option is the Tiered Standard Plan, which includes fixed payments spread over several different timelines, based on a borrower's total debt. "Borrowers are facing a great deal of confusion and anxiety ahead of the changes," said Jaylon Herbin, ‌ director of federal campaigns at the Center for Responsible Lending, a consumer advocacy organization. "We're encouraging borrowers to carefully review all available repayment options before enrolling in a new plan," Herbin said.…