Undergraduate > Graduate Loans

kelsmom
Sat, 17 Jul 2010 20:52:56 +0000

I know that just recently, Congress passed the Health Care and Education Reconciliation Act of 2010 as part of the overall healthcare bill. It seems that with this bill, payments on students loans will be limited to 10% of income and the loans altogether will be relieved after 20 years (10 years if in public service). I’m not entirely familiar with the whole process of paying back loans prior to this legislation, but this change seems to be quite helpful?



In order for the loans to be forgiven, the student cannot miss a single payment. If even one payment is missed, the loans will have to be repaid in full.