Replies

To: Libloather; ding_dong_daddy_from_dumas; stephenjohnbanker; DoughtyOne; calcowgirl; Gilbo_3; ...

RE :"Graduates qualifying for the "Pay as You Earn" program will have to pay 10 percent of their discretionary income for up to 20 years. If there is still a balance after that time frame, the remaining due would be wiped away. Those requirements are dropping from the 15 percent for up to 25 years in place now. White House advisors saying, these tough economic times call for tough budget decisions ............... The decreases are not supposed to cost taxpayers anything. The money saved by people in the debt consolidation program will be offset by the administrative costs of processing one payment instead of several payments by borrowers."

Where is the funding for this coming from? The CR recently passed into law?

13 posted on 10/26/2011 5:33:06 AM PDT by sickoflibs (Cain :"My parents didn't raise me to beg the government for other peoples money")

maybe we can roll the student loans together with the new bambam mortgage re-fi and let America pay us for a change...??? /only half sarc...heheheheh...

27 posted on 10/26/2011 8:39:22 AM PDT by Gilbo_3 (Gov is not reason; not eloquent; its force.Like fire,a dangerous servant & master. George Washington)

"Where is the funding for this coming from? The CR recently passed into law?"
Looks like it is hat trick time.

32 posted on 10/26/2011 12:34:13 PM PDT by Marine_Uncle (Honor must be earned.)

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