Student Loan Repayments Linked to Income
Posted on June 30th, 2009 by Student Loan News
Starting July 1st, 2009, student loan repayments will be limited to 15 percent of a borrower’s discretionary income or 15 percent of the amount that a borrower’s (and spouse’s if applicable) adjusted gross income exceeds 150 percent of the poverty line, divided by 12. If you’re still paying the college loan off after 25 years all [...]
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