U.S. Department of Education

@usedgov ↗

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Last Checked Sept. 7, 2022

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Thu Aug 25 13:01:36 +0000 2022

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U.S. Department of Education @usedgov

3. ED will propose forgiving loan balances after 10 years of payments, instead of the current 20 years under many income-driven repayment plans, for borrowers with original loan balances of $12,000 or less. — PolitiTweet.org

Posted Aug. 25, 2022

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U.S. Department of Education @usedgov

2. ED will propose a new income-driven repayment plan that would cut payments for undergrad loans from 10% of discretionary income to 5% & would raise the amount of income that is considered non-discretionary income (& therefore protected from repayment). — PolitiTweet.org

Posted Aug. 25, 2022

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U.S. Department of Education @usedgov

4. ED will propose fully covering borrower’s unpaid monthly interest in income-driven repayment plans, so that a borrower’s loan balance will not grow as long as they’re making their required monthly payments. — PolitiTweet.org

Posted Aug. 25, 2022