FEATURED BLOG POST

How to Protect Your Credit and Online Data From Fraud—A Year After The Equifax Breach

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Income Based Repayment Won’t Solve the Student Loan Crisis

When President Obama delivered new rules on income based repayment (IBR) for a limited group of borrowers back in 2013, we wrote about the shortcomings of that program. This week, the President extended the new IBR program to cover all borrowers, effective in 2015. It’s the same program as before, and while it can provide payment relief to some borrowers, it has some serious drawbacks. Notably:

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An Income Based Panacea? Think Again.

Much has been written about the new income based repayment (IBR) rules the President recently signed into law. Notably, maximum payments on qualifying federal loans are now capped at 10% of disposable income rather than 15% before, and after 20-years, any remaining balances are forgiven, versus 25-years before.

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