Friday, December 7, 2012

Pay As You Earn Coming!

This just in from student loan guru, Heather Jarvis:

Pay As You Earn Implementation Set for December 21, 2012!

The Department of Education will officially announce 
tomorrow that President Obama's new 
"Pay as You Earn" repayment plan will be available 
starting December 21, 2012.
To be eligible to choose the new "Pay As You Earn"
plan,borrowers:
  • Must have no outstanding federal student 
        loan balance as of October 1, 2007; and
  • Must receive a disbursement of a federal 
         studentloan after October 1, 2011.
Pay As You Earn features payments capped
at 10% of "discretionary income" and forgiveness
after 20 years of repayment.
Please share this announcement with others.

Yours,

Heather's signature



Heather Jarvis
Student Loan Expert
askheatherjarvis.com
Heather Jarvis has provided student loan training 
and education to university staff, employers, 
professionals, and student loan borrowers since 2005. 

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