New Student Loan Program Caps Monthly Payments
Posted: 4:46 pm EDT July 1,2009Updated: 9:02 am EDT July 2,2009
Starting Wednesday, a new program may make repaying student loans easier for some people.The Income-Based Repayment program works by capping monthly payments based on how much a person earns and the amount of the loan.The program also forgives the amount a person owes after 25 years. For people who work in public service, it forgives loans after 10 years.Click here for more information.
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