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At least for now the US does have several income based repayment plans. The best one for most circumstances is PAYE (pay as you earn). It requires payments of 1
by bradleyjg 9y ago
At least for now the US does have several income based repayment plans. The best one for most circumstances is PAYE (pay as you earn). It requires payments of 10% of disposable income, i.e. dollars earned after 150% of the poverty line, and the debt is discharged after 20 years of payments or 10 years while working for certain government or non-profit entities.
This program is partly the result of regulatory rule making and so could be sharply curtailed should the President or his underlings wish to do so.