Student loan debt forgiveness, repayment plans, and other resources
REPAYE stands for Revised Pay As You Earn and has been praised for being a useful commodity of the US federal government for people who have taken out student loans for college. This program is different than PAYE, which stands for Pay As You Earn. REPAYE emerged as a more inclusive program that extends the option of income-based student loan repayment. This program is accessible to anyone who has taken out federal student loans at any point in their life. The Obama administration has discussed potentially using REPAYE as a universal program for all borrowers.
Here are some quick facts about the REPAYE program:
(PSLF) is available to those who qualify. Graduates may now sign up for the PSLF program. This program grants forgiveness to borrowers who have served in public service for 10 years, including being involved in the Revised Pay As You Earn program.
The REPAYE program is an accessible government student-loan repayment plan that is available to borrowers who have taken our direct federal loans. This program has been helpful to individuals who are seeking debt forgiveness as well as affordable repayment plans that will not result in negative amortization and student loan default.
To seek out more information, or apply for this program, visit studentaid.gov for more details.
Ref and more about Revised Pay As You Earn Repayment Plam: https://smartasset.com/student-loans/all-about-repaye
Options are available to help
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