Not exact matches
Under this
new amendment,
undergraduate students will be offered one choice for an income - based repayment
plan, which requires students to pay 12.5 % of their discretionary income for 15 years.
• If a borrower only has
undergraduate loans
under the
new plan, forgiveness of any remaining balance will occur after 20 years on the Revised Pay As You Earn
plan.
Under the
new plan for
undergraduates, 25 percent of students will still end up paying nothing, Epstein said, and as many as half will pay 50 percent of tuition costs.