New Student Debt Regulations: REPAYE
National Service Bureau
DECEMBER 15, 2015
The United States Department of Education (ED) recently announced two additional regulations (designated REPAYE or Revised Pay As You Earn) which are intended to ease the burden of federal student loan repayment. The REPAYE initiative complements an earlier memorandum issued by President Obama on June 2014 by expanding the “Pay As You Earn” plan to an additional five million borrowers involved in Federal Direct Loans.