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Pay as You Earn

How REPAYE Differs From Other Income-Driven Repayment Plans

SALT | Posted 11.12.2016 | College
SALT

In early 2015, President Obama proposed the Student Aid Bill of Rights, which included a provision to make it easier for borrowers to repay their students loans. As the result, the government introduced a new repayment option for federal student loans: Revised Pay As You Earn (REPAYE).

CFPB Probes Education Department Loan Contractors Over Potentially Faulty Practices

The Huffington Post | Shahien Nasiripour | Posted 08.17.2015 | Politics

The federal consumer bureau on Monday launched an industry-wide investigation to determine why borrowers with federal student loans are being kicked o...

Shahien Nasiripour

Obama Administration Exaggerates Enrollment In Key Student Loan Plan As Borrowers Suffer

HuffingtonPost.com | Shahien Nasiripour | Posted 04.07.2015 | Politics

The Education Department is publicly inflating the number of distressed borrowers taking advantage of its most generous student loan repayment program...

Forgiven Loans Are Hidden Grants

Bob Hildreth | Posted 05.11.2015 | Politics
Bob Hildreth

Now Obama envisions directing $14.6 billion from the loan program toward Pell in the next 10 years. But money is needed to cover forgiven loans. If further expansion of the generous forgiveness clauses leads to another unanticipated shortfall, will this transfer of fund still be possible?

Soon Student Loans Will Look Like the Tax Code

Bob Hildreth | Posted 04.28.2015 | College
Bob Hildreth

Colleges make it simple for students to borrow by packaging several different types of federal loans... Sometimes, schools even give students more loans than they need. The students have to accept the package and deal with the loans when they leave, whether they graduate or not.

3 Student Loan Repayment Plans You Need to Know About

Equal Justice Works | Posted 03.16.2015 | College
Equal Justice Works

A recent Washington Post article discussing the student debt plight of Wayne Tibak demonstrates the fundamental strengths and weaknesses of income-dri...

New Obama Student Loan Proposal -- Swing and a Miss

Steve Rhode | Posted 08.10.2014 | Money
Steve Rhode

The problem is the announcement still leaves stranded the most pained borrowers, those with private student loans. Not a damn thing has been done for private student loan borrowers since the ability to discharge that debt in bankruptcy was taken away in 2005.

3 Student Loan Strategies That Won't Get You Out of Debt

Adam Levin | Posted 07.15.2014 | College
Adam Levin

While the seas will be rough, you don't have to feel like you bought a ticket on the Titanic. If graduates face repayment in an open way, communicating regularly with lenders, there are solutions -- although none of them get you a Get Out of Debt Free card.

The Next Phase of Enhanced Student Loan Forgiveness: Pay as You Earn

Wendy N. Powell | Posted 07.12.2014 | Education
Wendy N. Powell

Individually, we may thrive by enhanced debt forgiveness but collectively, we retreat with considerable increases to our national debt obligation that we likely cannot afford.

Shahien Nasiripour

Borrowers Default On Student Loans Despite Viable Alternatives

HuffingtonPost.com | Shahien Nasiripour | Posted 09.12.2013 | Politics

Companies working for the Department of Education over the past year have allowed hundreds of thousands of borrowers to default on their federal stude...

Shahien Nasiripour

Sallie Mae Borrowers Missing Out On Major Relief

HuffingtonPost.com | Shahien Nasiripour | Posted 09.03.2013 | Politics

Sallie Mae, the nation's largest servicer of federal student loans, is failing to enroll many of its distressed borrowers into one of the Obama admini...

Student Loan Debt: New Income-Based Repayment Provides a Safety Net

Lilly O'Donnell | Posted 01.20.2013 | College
Lilly O'Donnell

Pay As You Earn, or Income-Based Repayment, allows borrowers to pay 10% of their discretionary income.