We’re seeing new developments on the student loan front with the presidential candidates, Donald Trump and Hillary Clinton. On Wednesday, October 12, 2016, Donald Trump made his most detailed comments on student loans yet during a speech in Ohio. “Under…
As we mentioned before, keeping track of PSLF payments just got easier. The PSLF qualifying payments now appear on your paper statements. Here’s a scanned, redacted copy of what it looks like: The PSLF number on the statement lists only…
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…
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…
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…
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…
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.…