On Oct. 27, 2015, the Department of Education issued a final regulation establishing a new income-driven repayment plan, the Revised Pay As You Earn (REPAYE) Plan. The REPAYE Plan will be available to borrowers starting in mid-December 2015. Let’s take…
On July 9, 2015, the draft rules on the newest repayment plan, REPAYE, were published (http://www.gpo.gov/fdsys/pkg/FR-2015-07-09/pdf/2015-16623.pdf). The rules that affect PSLF, as discussed in our previous post (http://www.holdfasttodreams.org/repaye-compared-to-ibr-and-paye-for-pslf/) , are: “[P]ayments made under the alternative repayment plan would not count…
In the third and latest REPAYE Negotiated Rulemaking, REPAYE has transformed into the following form: Summary of Change: Adds a new income-contingent repayment plan, called the Revised Pay As You Earn (REPAYE) plan, to §685.209 of the Direct Loan Regulations.…
REPAYE is the new repayment plan that’s been in the works, expected to be available in late-2015. So should you expect to change your income-drive repayment plan to REPAYE? Let’s take a look at REPAYE in the context of PSLF.…
Once again, we have another blog post from Homeroom, “The Official Blog of The U.S. Department of Education,” explaining “How to Qualify for Public Service Loan Forgiveness” (https://www.ed.gov/blog/2015/04/how-to-qualify-for-public-service-loan-forgiveness-2/) It’s from the same author, as the previous post on the 5…
The Negotiating Rulemaking Committee has finally been established and the schedule for the committee meetings has been released (http://www2.ed.gov/policy/highered/reg/hearulemaking/2015/index.html). On December 19, 2014, the Department published a notice in the Federal Register announcing a “negotiated rulemaking committee to: (1) prepare…
On December 19, 2014, the Department published a notice in the Federal Register announcing a “negotiated rulemaking committee to: (1) prepare proposed regulations to establish a new Pay as You Earn repayment plan for those not covered by the existing…
Looks like the Department of Education is paving the road to Pay As You Earn (PAYE) expansion. The ED has announced its intent to establish a negotiated rulemaking committee (http://www.regulations.gov/#!documentDetail;D=ED-2014-OPE-0124-0001). The Summary/TL;DR As you can remember, Obama’s Presidential Memorandum issued…