Who Will Benefit from the Expansion of Pay As You Earn (PAYE)?
Negotiated rulemaking, affectionately referred to as Neg Reg, is underway! Committee members met to discuss a proposed agenda, and the Department of Education will release the committee’s final agenda before they reconvene on March 31st. Over three months the negotiators will discuss, among other things, how to implement the President’s directive to expand Pay As You Earn to five million additional borrowers by the end of this calendar year. The Department of Education has proposed creating a new plan, PAYE2, for Direct Loan borrowers…
By Heather | Category: Student Loan Policy, Pay As You Earn, Student Debt, Student Loan Repayment
