ONLY 4 DAYS LEFT: Tell the Education Dept. 20 Years Is Long Enough to Repay Student Loans

There are only four days left to weigh in on the proposed new repayment plan called Revised Pay As You Earn (REPAYE). Comments are due August 10.

Thank you to the more than 1,500 of you who have already urged the U.S. Department of Education to improve REPAYE! If you haven't yet done so, please add your voice to make the plan better. Here are some things some of you have told the Department:

  • "More than 20 years of repayment of student loans is enough. I'm 64 and worried how I will be able to live on social security while still paying student loans."
  • "Reducing the burdens of student loan debt is one safety net that is worth investing in - so that those who have invested in their education will not have to rely on other government safety nets.
  • "I am an attorney and small business owner with well over $300,000 in loans, the majority of which are from graduate school. Without the 10% gap limited to 20 years max, I have no hope of ever absolving my debt, contributing meaningfully to the community, or having any of the markers of adulthood (home, family, car, etc.)."

Public comments must be submitted by midnight on Monday August 10! Please take a moment to make your voice heard.

Income-Based Repayment and Pay As You Earn are two ways to help keep monthly payments affordable based on your income and family size. Visit the Department of Education’s Repayment Estimator to find out what your payments might be.
 

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