Support Fair Student Loan Payment
The U.S. Department of Education is officially seeking ideas for improving its rules and regulations on student loans. The Project on Student Debt has developed a Five-Point Plan for Fair Loan Payments that fits the bill. It will help reduce the burdens of student debt by: Limiting student loan payments to a reasonable percentage of income. Recognizing that borrowers with children have less income available for student loan payments. Protecting borrowers from high interest charges when they face hardship situations….