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http://www.wsj.com/articles/educati...ded-student-loan-repayment-program-1436300209
"Administration officials have previously said the plans are designed as a backstop for borrowers who run into financial trouble or can’t find a decent-paying job."
"Payments under PAYE are often too low to cover interest, allowing the overall student-debt tab to swell and making it even harder for borrowers to pay off the full balance." (as per article)
...and so in 20 years, it will also be harder to pay the taxes on the forgiveness of a larger tab too.
"Administration officials have previously said the plans are designed as a backstop for borrowers who run into financial trouble or can’t find a decent-paying job."
"Payments under PAYE are often too low to cover interest, allowing the overall student-debt tab to swell and making it even harder for borrowers to pay off the full balance." (as per article)
...and so in 20 years, it will also be harder to pay the taxes on the forgiveness of a larger tab too.
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