Revisions Make a Key Loan-Repayment Plan More Inclusive, Yet More Targeted

By Kelly Field. Negotiators on a federal rule-making panel have agreed on a plan to expand and remake Pay as You Earn, the most generous of the student-loan income-based repayment plans.
The revised program — dubbed REPAYE,  short for Revised PAYE — would be at once more inclusive and more targeted than the current plan. More...