Student Loan Repayment Plan
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December 21, 2012

Education Department Launches 'Pay As You Earn' Student Loan Repayment Plan

The U.S. Department of Education announced today that many borrowers are now able to take advantage of a new repayment plan that could lower their monthly federal student loan bills. The plan, known as Pay As You Earn, caps monthly payments for many recent graduates at an amount that is affordable based on their income.

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