Is Obama's ‘Pay as You Earn’ Plan Too Costly?

The question looms over talks on how to expand the most generous student-loan repayment option

February 24, 2015 Premium content for subscribers. Subscribe Today

Is President Obama’s "Pay as You Earn" student-loan-repayment plan a lifeline for struggling borrowers, a costly giveaway to graduate students, or a bit of both?

That question will be hanging over federal rule-making sessions this week, as...

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