Debt-Ans.Com

Great news, everybody. New federal student loan guidelines that go into effect July 1st will help you lower your monthly payments. According to the Chronicle of Higher Education : The federal government’s new income-based repayment program, which takes effect Wednesday, allows borrowers to repay their loans as a percentage of their income, lowering payments for those with high debt-to-income ratios. Under the plan, which was created as part of the 2007 College Cost Reduction and Access Ac