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by davidclark22
2379 days ago
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The US has a similar repayment program called Pay As You Earn (PAYE). It ties your payment amount to 10% of your income that is above 150% of the federal poverty level. This only applies to federal loans (not private loans) and requires opt-in, which probably causes a lot of people to not do it. https://studentaid.ed.gov/sa/repay-loans/understand/plans/in... |
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