U.S. Panel Begins to Draft Rules on Loan Repayment

A federal panel on Tuesday began a set of negotiations aimed at drafting new regulations to expand the availability of income-based student loan repayment to more borrowers. The negotiated rule-making committee, which the U.S. Education Department announced in December, is charged with carrying out President Obama's June 2014 memorandum that would make an additional 5 million existing student loan borrowers eligible for the federal government’s most generous income-based repayment program, Pay as You Earn. Read more...