Take Action for Fair Loan Payments!

Today the Project on Student Debt submitted detailed comments on the U.S. Department of Education's proposed regulations for the new Income-Based Repayment (IBR) and Public Service Loan Forgiveness (PSLF) programs.

Althoughwe support nearly all of the proposed regulations, we are very concerned abouttwo unnecessary and costly obstacles for borrowers:

  • In IBR, some married borrowers would have to pay up to twice as much in loan payments as unmarried borrowers in otherwise identical situations.

  • Borrowers could be left in the dark for years about whether or not their jobs are eligible for Public Service Loan Forgiveness (PSLF).

The federal decision-makers need to hear from you, and they are onlyaccepting public comments through August 15. Please take action now! You can use or edit our sample message, and we will deliver your comments to the Department ofEducation.

 

 

(This message was sent to the IBRinfo mailing list on July 14, 2008.) 

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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