Wednesday, July 18, 2007

Second Yahoo Finance Column: Question Answered

My second Yahoo Finance column gives all the details on the big student aid bill that just passed the House.

Many people have asked if the Income Based Repayment proposal (aka Fair Payment Assurance) will be available to those with existing student loans. After rereading the relevant portions of the act, I'm not positive, but I think it will. Currently borrowers are able to change their repayment plans or consolidate loans many years out of school, and I see nothing in the bill that says any different.

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