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Jason Delisle and Alex Holt continue to uncover new and shocking information about Income Based Repayment (IBR) program, which I’ve officially upgraded from “boondoggle” to “fiasco”:
[O]nce a borrower takes on $65,000 in debt, he bears none of the incremental cost of borrowing an additional dollar under the new IBR, even if he goes on to earn over $100,000 forContinue Reading »
The Income Based Repayment (IBR) program already has some issues and the changes going into effect next week exacerbate one of the main problems – ill-targeted loan forgiveness. A clever calculation by Jason Delisle and Alex Holt asks how much of Senator Marco Rubio’s student loans would have been forgiven if the new IBR policies were in place back when Rubio went to school.
DelislContinue Reading »