Student loan reforms expected to help 1.6 million borrowers
September 1, 2012 // 0 CommentsOnline resources and lowered repayments expected to lower monthly costs by Charlene Crowell As many as 1.6 million responsible student loan borrowers could benefit from a new order that ties loan repayment to income and family size. Beginning September 30, an expanded option called Income Based Repayment (IBR) can reduce monthly loan payments. Coordinated with the Commissioner of Internal Re...
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