August 22, 2013
The White House Wants to Help You Make Smaller Student Loan Payments

The latest summer policy push from the White House is an ambitious effort to shift the college financing system to provide more support to students at schools that do right by them, while making life harder for institutions that live off federal loans but don’t provide much value for students.
Most of what the president proposed during a speech today in Buffalo consisted of longer-term reforms or was directed at institutions themselves, but the White House push also came with a big helping of news you can use.
There are, according to the White House, 37 million people with outstanding federal student loans. A little more than 2.5 million of them are using one of the three income-dependent payment plans the federal government makes available to borrowers: the Pay As You Earn Repayment Plan, the Income Based Repayment Plan (IBR), and the Income-Contingent Repayment Plan.
Read more.

The White House Wants to Help You Make Smaller Student Loan Payments

The latest summer policy push from the White House is an ambitious effort to shift the college financing system to provideĀ more support to students at schools that do right by them, while making life harder for institutions that live off federal loans but don’t provide much value for students.

Most of what the president proposed during a speech today in Buffalo consisted of longer-term reforms or was directed at institutions themselves, but the White House push also came with a big helping of news you can use.

There are, according to the White House, 37 million people with outstanding federal student loans. A little more thanĀ 2.5 million of them are using one of the three income-dependent payment plans the federal government makes available to borrowers: the Pay As You Earn Repayment Plan, the Income Based Repayment Plan (IBR), and the Income-Contingent Repayment Plan.

Read more.

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  9. mari-jauregui reblogged this from theatlantic and added:
    Yay for me!!
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  11. evelynthemarxistowl reblogged this from theatlantic and added:
    One of the things keeping young people back is that they are essentially debt slaves. Paying for their education takes...
  12. memoirsofaravenclaw reblogged this from theatlantic and added:
    That’s great, how about working on structural changes that will help college stop being the privilege of the few rather...
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