Revised Pay As You Earn – What You Need To Know About REPAYE

Revised Pay As You Earn – What You Need To Know About REPAYE

On October 30, 2015, the U.S. Department of Education amended the regulations governing the William D. Ford Federal Direct Loan Program to create yet another income-dependent repayment plan. Called Revised Pay As You Earn (REPAYE plan), the plan offers lower payments to some people, but not for everyone. Here’s what you need to know about REPAYE before you opt in.

Called Revised Pay As You Earn (REPAYE plan), the plan offers lower payments to some people, but not for everyone. Here’s what you need to know about REPAYE before you opt in.