New federal student loan repayment plan aimed at low-income borrowers

New federal student loan repayment plan aimed at low-income borrowers

The U.S. Department of Education unveiled a proposal Tuesday that would overhaul a federal student loan income-driven repayment plan, and, if implemented, could help millions of low-income borrowers. However, it’s unclear how the agency would be able to finance the program. Many student debt relief advocates also criticized the proposal for leaving out graduate students and parental loans. The federal agency that would implement the plan, the Of…

New federal student loan repayment plan aimed at low-income borrowers

WASHINGTON — The U.S. Department of Education unveiled a proposal Tuesday that would overhaul a federal student loan income-driven repayment plan, and, if implemented, could help millions of low-income borrowers.

New federal student loan repayment plan aimed at low-income borrowers - Wisconsin Examiner

Student loan debt CC BY 2.0 WASHINGTON — The U.S. Department of Education unveiled a proposal Tuesday that would overhaul a federal student loan income-driven repayment plan, and, if implemented, could help millions of low-income borrowers. However, it’s unclear how the agency would be able to finance the program. Many student debt relief advocates also criticized the proposal for leaving out graduate students and parental loans. The federal age…

New federal student loan repayment plan aimed at low-income borrowers - Minnesota Reformer

WASHINGTON, DC - AUGUST 25: Student loan borrowers stage a rally in front of The White House to celebrate President Biden cancelling student debt and to begin the fight to cancel any remaining debt on August 25, 2022 in Washington, DC. Photo by Paul Morigi/Getty Images. WASHINGTON — The U.S. Department of Education unveiled a proposal Tuesday that would overhaul a federal student loan income-driven repayment plan, and, if implemented, could help…