Department of Health and Human Services Releases Updated Poverty Guidelines
The updated poverty guidelines, released Wednesday by the U.S. Department of Health and Human Services (HHS), reflect increases in the Consumer Price Index for All Urban Consumers (CPI-U) for 2014. The poverty guidelines are developed using the same data that is collected and used by the U.S. Census Bureau in preparing its poverty thresholds, or estimates of the number of individuals and families in poverty. These guidelines are used as financial eligibility criterion by many federal programs, including income-driven repayment plans such as Income-Based Repayment (IBR) and Pay As You Earn (PAYE).
Read the whole article originally published in: Todays News Feed.