Those plans cap the payments that borrowers owe to a percentage of their income....
Under those plans, borrowers must make payments for a term that is typically 20 or 25 years....
At the end of that period, any remaining balance is forgiven. More than 8 million people use income-driven repayment plans, but for decades, many of the companies that bill borrowers made extensive mistakes in tracking payments and in guiding borrowers through the payment process....
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芝加哥论坛报-国家与世界
2023-07-15 00:00:00.0