Obama's new plan for IBR. (or is it?) Forum
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onthemoney
- Posts: 82
- Joined: Mon Mar 22, 2010 7:41 pm
Obama's new plan for IBR. (or is it?)
Obama is set to announce today that IBR will decrease to 10% of discretionary income (down from 15%), and loan forgiveness after 20 years (originally 25). Above the Law had a piece that was supposed to happen in 2014 anyways (as part of the debt deal several months back). How Obama plans on doing this without Congressional approval I have no idea, but either way, what do people think of this plan?
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Seminole_305
- Posts: 88
- Joined: Mon Apr 04, 2011 4:11 pm
Re: Obama's new plan for IBR. (or is it?)
If it was 15 years it wouldn't be a bad deal but still 20 is better than 25.
