The newest student loan repayment plan, REPAYE, is designed to target low-income borrowers and allow access to more affordable payments for millions more borrowers. It's older sibling, PAYE, or Pay As You Earn is helping only a sliver of newer borrowers, especially those with a lot of debt compared to their incomes. The administration wanted to fix a few problems with PAYE, and thus REPAYE was born. I suspect that not every borrower is going to appreciate the fix, however.
Show notes:
NASFAA repayment plan comparison chart link:
[ Ссылка ]
Federal Register describing REPAYE plan as result of negotiation:
[ Ссылка ]
Read my Wordpress blog post at TheCollegeMoneyMom.com about this subject. Here is the link:
[ Ссылка ]
