Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 1 of 1
Full-Text Articles in Law
The Obama Administration's New 'Repaye' Plan For Student Loan Borrowers: Not Much Help For Law School Graduates, Gregory S. Crespi
The Obama Administration's New 'Repaye' Plan For Student Loan Borrowers: Not Much Help For Law School Graduates, Gregory S. Crespi
Faculty Journal Articles and Book Chapters
In response to President Obama’s 2014 directive the DOE has proposed a new student loan repayment option, labeled the Repay As You Earn Plan (“REPAYE Plan”). The DOE on July 9, 2015 requested comments on their proposed REPAYE Plan rules, and the Plan will probably be open for enrollment in early 2016 for up to 6 million student loan borrowers who are not eligible for enrollment in the generous Pay As You Earn Plan (“PAYE Plan”) because of their pre-October 1, 2007 federal student loan debts. I estimate that approximately 72,000 of those 6 million persons are law graduates. However, …