Yearly Archives: 2015

You Can Apply for REPAYE Now!

The Department of Education has officially released REPAYE as the newest addition to the Income-Driven Repayment (IDR) Plan family. Read below for more information on the differences between REPAYE and other IDR Plans. You can apply online (StudentLoans.gov) or by more »

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Final Regulations for REPAYE Issued

On Oct. 27, 2015, the Department of Education issued a final regulation establishing a new income-driven repayment plan, the Revised Pay As You Earn (REPAYE) Plan. The REPAYE Plan will be available to borrowers starting in mid-December 2015. Let’s take more »

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Student Loans: Donald Trump vs. Hillary Clinton

UPDATE: Take a look at our new post on the positions of the presidential candidates Donald Trump and Hillary Clinton. Let’s take a giant, semi-blind leap forward and take a guess at what would happen to student loans if either more »

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Review: What’s Really Going to Happen With REPAYE?

Repeatedly throughout the draft rules of REPAYE (see our previous post here), the Department of Education states the desire to establish a “new widely available income-contingent repayment plan targeted to the neediest borrowers.” It becomes clear from the draft rules, more »

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Draft Rules for the New Repayment Plan REPAYE: Effect on PSLF

On July 9, 2015, the draft rules on the newest repayment plan, REPAYE, were published (http://www.gpo.gov/fdsys/pkg/FR-2015-07-09/pdf/2015-16623.pdf). The rules that affect PSLF, as discussed in our previous post (http://www.holdfasttodreams.org/repaye-compared-to-ibr-and-paye-for-pslf/) , are: “[P]ayments made under the alternative repayment plan would not count more »

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Update on REPAYE Negotiated Rulemaking

In the third and latest REPAYE Negotiated Rulemaking, REPAYE has transformed into the following form: Summary of Change: Adds a new income-contingent repayment plan, called the Revised Pay As You Earn (REPAYE) plan, to §685.209 of the Direct Loan Regulations. more »

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REPAYE Compared to IBR and PAYE For PSLF

REPAYE is the new repayment plan that’s been in the works, expected to be available in late-2015. So should you expect to change your income-drive repayment plan to REPAYE? Let’s take a look at REPAYE in the context of PSLF. more »

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The U.S. Department of Education (ED) Explains How to Qualify for PSLF

Once again, we have another blog post from Homeroom, “The Official Blog of The U.S. Department of Education,” explaining “How to Qualify for Public Service Loan Forgiveness” (https://www.ed.gov/blog/2015/04/how-to-qualify-for-public-service-loan-forgiveness-2/) It’s from the same author, as the previous post on the 5 more »

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President Obama’s Student Aid Bill of Rights

On March 10, 2015, President Obama issued and signed a “Student Aid Bill of Rights.” Improvements and changes include: (1) a state-of-the-art complaint system to ensure quality service and accountability for the Department of Education, its contractors, and colleges, (2) more »

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Negotiated Rulemaking Gearing Up For PAYE Proposed Regulations

The Negotiating Rulemaking Committee has finally been established and the schedule for the committee meetings has been released (http://www2.ed.gov/policy/highered/reg/hearulemaking/2015/index.html). On December 19, 2014, the Department published a notice in the Federal Register  announcing a “negotiated rulemaking committee to: (1) prepare more »

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