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The Latest Budget May Cost Student Loan Borrowers And The Economy $15 Billion

29 January 2014 6 views No Comment

“For many federal student loan borrowers, the most noteworthy part of the $1.1 trillion compromise budget passed by Congress earlier this month is what’s missing: mention of the much-anticipated Pay As Your Earn (PAYE) federal student loan harmonization proposal, which would extend PAYE’s benefits to all eligible federal student loan borrowers – including those currently under less-favorable programs, such as the Income Based Repayment (IBR) plan,” Main Street reports.

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