Admission News

New Student Loan Repayment Plan

Written by CB Experts

Obama’s new pay as you earn program will be authorized by executive order.  This program will benefit 1.6 million student borrowers of college loans and save them up to $200 a month.

There are several changes that will be helpful to students who have college loan debt including consolidation of loan payments, reduction of rates, caps on payment based on income, and forgiving of debt after a 20-year repayment .

See more details in our article at College Basics.

About the author

CB Experts

Content created by retired College Admissions consultants.