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Reply to "WTF? Govt rewarding bad behavior Part II"
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[quote=Anonymous]You might try reading more than just a headline before posting a rant about it. The main effect these policy changes will have is on folks just out of school who are working at low-paying jobs. If these borrowers demonstrate low income, they'll be able to pay off their loans at a slower rate. Their payments will be lower, but the principal won't be reduced as quickly. As their income increases, their loan payments will increase as well. Loan forgiveness would only happen after decades of consistently low income. [/quote]
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