The Department of Education has proposed a repayment plan that would cap monthly payments at no more than 5% of a borrower’s discretionary income, down from 10% now. Borrowers will need to apply for the repayment plan if it’s approved, which could take ...
New payment plans could help borrowers' credit, too Along with President Joe Biden's announcement last week on student loan forgiveness, he said the Education Department was moving to offer borrowers with undergraduate loans a newincome-driven rep...
Since employees have not been receiving salary for two consecutive months, some have missed paying their EMIs (equated monthly instalments). One of the staff shares with the media that he had to borrow Rs 10,000 to pay his EMI for his personal loan. The media tried to seek clarification fr...