ED Further Clarifies 2015 Budget Proposals (Combined Incomes, PSLF Caps, PAYE Terms) | Educated Risk

UPDATE: Hat Tip to @Cooper’s Comment. According to the 2015 Budget Proposal (page S-13) [PDF], borrowers that have loans disbursed prior to July 1, 2015 will have the old PAYE terms for new loans disbursed after July 1, 2015 as well. Here is the actual text:Students who borrowed their first loans prior to July 1, 2015, would continue to be able to select among the existing repayment plans (for plans for which they now qualify and for loans originated through their current course of study), in addition to the modified PAYE.

Source: ED Further Clarifies 2015 Budget Proposals (Combined Incomes, PSLF Caps, PAYE Terms) | Educated Risk

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