I had a general question about the PAYE repayment plan….

1) Once you start the PAYE repayment plan (aka your first year of paying back loans) are you doctored into the program?  Will you be guaranteed to only make PAYE based payments (10% of income) for the next 20 years even if years down the road the PAYE repayment plan is abolished by Congress?  Would anyone even know the answer to this question or maybe could take a guess?  It would seem unfair if say after 10 years they get rid of the program (before your loans are forgiven) and leave you with more debt than you started with (assuming your yearly payments don’t match your yearly interest accrued).

I have asked myself the same question about IBR. My husbands reply “The United States would go in the pooper!” It would mean millions of people would be screwed under both plans. They may change upcoming laws to new borrowers, but I can’t seem them changing it as it would cause MAJOR issues with economy and citizens. Just my opinion though!