Pay As You Earn Continues: Trump's Student Loan Repayment Similar To Obama's

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Pay As You Earn Continues: Trump's Student Loan Repayment Similar To Obama's

Jan, 21st 2017

Low-income student loan borrowers might notch a win under President-elect Donald Trump's federal student loan repayment program.

Researchers at NerdWallet, a personal finance website, compared Trump's proposed student loan repayment program and the Revised Pay as You Earn income-driven repayment plan.

Trump's proposal calls for borrowers to pay 12.5 percent of their annual income toward the loan. Debtors may have their loans forgiven after 15 years in the plan.

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