Take Action for Fair Loan Payments!

Today we submitted detailed comments on the U.S. Department of Education's proposed regulations for the new Income-Based Repayment (IBR) and Public Service Loan Forgiveness programs.

Although we support nearly all of the proposed regulations, we are very concerned about two unnecessary and costly obstacles for borrowers:

  • In IBR, some married borrowers would have to pay up to twice as much in loan payments as unmarried borrowers in otherwise identical situations.

  • Borrowers could be left in the dark for years about whether or not their jobs are eligible for Public Service Loan Forgiveness.

The federal decision-makers need to hear from you, and they are only accepting public comments through August 15. Please take action now! You can use or edit our sample message, and we will deliver your comments to the Department of Education. Help us get the word out by forwarding this message to your friends and colleagues.

 

 

(This message was sent to the Project on Student Debt mailing list on July 15, 2008.)