Unlike PAYE, which is only open to students who took out loans after October 2007, the REPAYE plan will be open to anyone who borrowed directly from the federal government. This includes older borrowers who were previously shut out from PAYE.
On Monday Hillary Clinton responded to the emerging Student Debt Voter movement with her own plan to reduce the cost of college education and reduce the burden of student debt. She calls it her New College Compact, presented at a forum in New Hampshire.
College or advanced training is more important than ever, yet we are making it less and less affordable. College tuition is soaring because the state contribution to budgets is being slashed. We're privatizing public colleges piecemeal by putting more and more of the costs on the students.
The first issue Romney chose to show a glimmer of independence from Republican orthodoxy is an interesting one, because the deadline for action is right around the corner. Which means it will serve as a very important test for Romney's candidacy as a whole.