Government Eases Loan Payments For New Graduates

Attention college students and new graduates; Uncle Sam is making it a little easier for strapped borrowers to repay their federal student loans.

The Department of Education today approved rules for a new “pay-as-you-earn” loan repayment plan.  The plan is designed for new graduates having trouble finding jobs that pay enough to support their loans.

The rules also make the older “income-based repayment plan” accessible to more student loan borrowers. Both plans adjust payments to fit a borrower’s income. Read more on St. Louis Post-Dispatch.

Photo Courtesy of Southeast Missourian

Tags:, ,

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students