Then there are several practical steps to take if universal and automatic REPAYE is the goal

Eliminate loan “rehabilitation”, the long and onerous procedure that defaulted borrowers must currently undertake prior to engaging in REPAYE. Just place them in REPAYE straight away.

Permit the IRS to offer earnings data straight to your Department of Education for purposes of implementing REPAYE. Or, in addition to this, permit loan payment through the withholding system utilized to get payroll and taxes, amending Form W-4 to inquire of about student education loans, and allowing self-employed people to upgrade payments predicated on their quarterly profits. Weiterlesen