Blog Archives

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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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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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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Our Comment on PAYE Proposed Regulations: “Auto-PAYE”

On December 19, 2014, the Department published a notice in the Federal Register  announcing a “negotiated rulemaking committee to: (1) prepare proposed regulations to establish a new Pay as You Earn repayment plan for those not covered by the existing more »

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PAYE Expansion: ED Begins the Work-in-Progress

Looks like the Department of Education is paving the road to Pay As You Earn (PAYE) expansion. The ED has announced its intent to establish a negotiated rulemaking committee (http://www.regulations.gov/#!documentDetail;D=ED-2014-OPE-0124-0001). The Summary/TL;DR As you can remember, Obama’s Presidential Memorandum issued more »

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Indiegogo: Crowdfund Posters for PSLF Awareness

posters for PSLF awareness Eye-catching posters, inspired by Japanese anime & urban culture, will raise awareness of PSLF. Send posters to universities across US.   Our Campaign We’ve been working really hard and are so excited to announce our Indiegogo more »

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Obama’s Monday June 9, 2014 Announcement: Signs Presidential Memorandum for PAYE

White House Fact Sheet on the Proposal (see text below): http://www.whitehouse.gov/the-press-office/2014/06/09/factsheet-making-student-loans-more-affordable Presidential Memorandum (see text below): http://www.whitehouse.gov/the-press-office/2014/06/09/presidential-memorandum-federal-student-loan-repayments VIDEO (see transcript below): http://www.whitehouse.gov/photos-and-video/video/2014/06/09/president-obama-speaks-student-loan-debt FACTSHEET: Making Student Loans More Affordable President Obama declared 2014 a year of action – vowing to use more »

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Obama to Expand Student Loan Relief with Executive Order & Endorse Bill Proposed by Sen. Elizabeth Warren (D-Mass)

UPDATE (June 9, 2014): http://www.holdfasttodreams.org/obamas-monday-june-9-2014-announcement/ When’s the announcement? Monday, June 9, 2014 at a 1:45 p.m. event. Remarks of President Barack Obama from The White House Weekly Address (June 7, 2014) “I’ve taken action on my own to offer millions more »

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Obama’s 2015 Proposed Budget: Impact on Public Service Loan Forgiveness (PSLF)

UPDATE (April 5, 2014): See our new post “The U.S. Department of Education (ED) Official Statements on Obama’s 2015 Proposed Budget: Impact on Public Service Loan Forgiveness (PSLF)”: http://www.holdfasttodreams.org/?p=494 Obama’s 2015 Proposed Budget includes new limits on how much debt more »

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