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  2. Income-driven repayment - Wikipedia

    en.wikipedia.org/wiki/Income-driven_repayment

    A borrower is a "new borrower" if, when receiving a federal student loan on or after October 1, 2007, the borrower did not have an outstanding balance on another federal student loan. [3] The Revised Pay As You Earn Plan is available to all Direct Loan borrowers regardless of when the money was borrowed.

  3. Student Loans: 3 Forgiveness Programs Are Going Away ... - AOL

    www.aol.com/student-loans-3-forgiveness-programs...

    To help the transition from the pandemic payment pause to restarting loan payments in October 2023, the Department of Education provided a temporary on-ramp from the beginning of that month to the ...

  4. Federal Direct Student Loan Program - Wikipedia

    en.wikipedia.org/wiki/Federal_Direct_Student...

    The program replaced the earlier Federal Family Education Loan (FFEL) program which issued "guaranteed loans" — loans originated and funded by private lenders but guaranteed by the government. The FFEL program was eliminated because of a perception that it benefited private student loan companies at the expense of taxpayers, but did not help ...

  5. Student Loan Payments: What You’ll Need to Know - AOL

    www.aol.com/student-loan-payments-ll-know...

    Note that the situation for student loans has changed due to the impact of the coronavirus outbreak and relief efforts from the government, student loan lenders and others. Among such moves, the ...

  6. Pay As You Earn (PAYE) Repayment Guide - AOL

    www.aol.com/finance/pay-earn-paye-repayment...

    If you’re struggling with high student loan payments, switching to the Pay As You Earn (PAYE) plan could help make your monthly dues more affordable. PAYE is an income-driven repayment (IDR ...

  7. Pay As You Earn - Wikipedia

    en.wikipedia.org/wiki/Pay_As_You_Earn

    President Obama's 2015 budget proposed substantial changes to the Pay as You Earn program. In addition to extending the program to all borrowers, regardless of when their first loans were disbursed, it proposed certain limits to PAYE that are designed to "protect against institutional practices that may further increase student indebtedness, while ensuring the program provides sufficient ...

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