Presented by Nick Bautista
With the major costs in College tuition this may be one way for students to get help in the battle against student loans, the Pay as You Earn program.
A Recent article in the Wall street Journal points to a new repayment program, Pay as You Earn, that may decrease your loan payments after you graduate based on your salary after college. You must qualify for this program based on different parameters, but in some cases loan re-payments may be zero if you don’t make enough money out of college. The new program is designed to help students manage the burden of student loans.
This program limits student loan payments to 10% of their discretionary income. Monthly payments could rise or fall depending on their current salary along with this the loan is considered in good standing. Basically, the student is not penalized for delaying the payments.
To find out more information view the full article here:
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