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A comment on Student Loans a Lot Like the Subprime Mortgage Debacle, Watchdog Says. Parent comment

Re:Student Loans a Lot Like the Subprime Mortgage Debacle, W... by davidclark22 on Wednesday December 11, 2019 @09:54AM (#21762870)
The US has a similar repayment program called Pay As You Earn (PAYE). It ties your payment amount to 10% of your income that is above 150% of the federal poverty level. This only applies to federal loans (not private loans) and requires opt-in, which probably causes a lot of people to not do it.

https://studentaid.ed.gov/sa/repay-loans/understand/plans/in...

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