187 Comparing Income-Driven Repayment Plans for Graduate and Professional Borrowers

Monday, July 11, 2016: 4:00 PM-5:00 PM
Thurgood Marshall West (Marriott Wardman Park)
Session Type: Interest Sessions
Track: Graduate and Professional Issues Track
Audience: All
Credit Type: Credit Hours and Clock Hours
School Type: Graduate/Professional
Holy Income-Driven Repayment Plans, Batman! Income-driven repayment plans provide affordable payments—especially for those with high student loan balances, like graduate and professional borrowers—but how should a student loan borrower choose between the many available plans? What are the eligibility requirements? Should anyone choose the original income-contingent repayment (ICR) plan? Why is PAYE As You Earn (PAYE) better than income-based repayment (IBR) for "new borrowers"? Which borrowers can benefit from REPAYE? What about switching plans, interest capitalization, forgiveness and taxation? How many income-driven plans is too many? Won't the rules be changing soon? This session will answer all these questions and more!
Rebekah Melville (Yale University School of Management)
Heather W. Jarvis (Heather Jarvis, Student Loan Expert LLC)
Charles Pruett (Georgetown University Law Center)
David Sheridan (Columbia University in the City of New York)