Student Loan Payments May Increase By $5,000 Per Year Under New Law, Warns Group

No, Republicans Aren’t Forcing Most Students To Pay Loans For 30 Years

Republicans in the House of Representatives have proposed a new student loan repayment plan that would allow borrowers to tie loan payments to their incomes and, for those who keep up with their payments, prevent balances from rising over time. But some critics allege that the plan would “trap borrowers in debt for three decades or longer,” according to one commentator. Democrats in Congress have also made “thirty years” of debt a central aspect…

Student Loan Payments May Increase By $5,000 Per Year Under New Law, Warns Group

If the bill is enacted, the reforms could dramatically raise costs for working families who carry student loan debt, warned a borrower advocacy organization.