Comment on Trump’s Student Loan Repayment Plan vs. Obama’s REPAYE

Trump’s Student Loan Repayment Plan vs. Obama’s REPAYE

Americans with federal student loan debt stand to pay more each month with President-elect Donald Trump’s proposal than by enrolling in the Obama administration’s most widely available income-driven repayment plan, Revised Pay As You Earn, according to an analysis by NerdWallet. However, Trump’s proposal could forgive loans sooner, which would help borrowers with lower incomes.

 

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