The intersection of technology, research, financial aid and student access in higher education

Pay as You Earn - Finally

Added on by Scott Cline.

About time.

The U.S. Department of Education last week issued the final regulations for the new, more-generous student-loan repayment program announced by the president last October. The plan, known as “Pay as You Earn,” will allow some graduates to peg their federal loan payments to 10% of their discretionary income and then have any remaining balance forgiven after 20 years.

via Wall Street Journal