Reminder: PAYE executive order only makes Duncan PROPOSE regs
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Date: September 22nd, 2014 3:41 PM Author: Erotic mewling chapel
Section 1. Expanding the President's Pay As You Earn Plan to More Federal Direct Loan Borrowers. Within 1 year after the date of this memorandum, the Secretary of Education shall propose regulations that will allow additional students who borrowed Federal Direct Loans to cap their Federal student loan payments at 10 percent of their income. The Secretary shall seek to target this option to those borrowers who would otherwise struggle to repay their loans. The Secretary shall issue final regulations in a timely fashion after considering all public comments, as appropriate, with the goal of making the repayment option available to borrowers by December 31, 2015.
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(http://www.autoadmit.com/thread.php?thread_id=2681314&forum_id=2#26375043) |
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