By Philip G. Schrag
Presents a advisor for monetary relief advisors and graduate scholars to assist them comprehend who can profit by way of electing to take advantage of the present income-contingent plan and the way that plan might be more suitable.
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Additional info for Repay As You Earn: The Flawed Government Program to Help Students Have Public Service Careers
32 The House bill did not specify a period. On this issue, staff members to two Republican senators made an important contribution to the legislation. When the Senate bill Congress to the Rescue 31 was being edited, aides to Senators Nancy Kassebaum and James Jeffords “suggested that no student should have to pay off a loan for more than twenty years. [Senator Paul Simon’s aide] and the other staffers agreed. Although the discussion took about ten minutes . . ”33 The conference committee resolved the difference between the House and Senate provisions on income-contingent repayment with the “not to exceed 25 years” formula.
24. KIPP, supra note 18, at 25. 25. Eligibility rules for subsidized Stafford loans to law students are sufficiently generous that an estimated 95 percent to 97 percent of the Georgetown University law students who borrow receive subsidized Stafford funds. E-mail from Ruth Lammert-Reeves, assistant dean for Rising Costs and Rising Debt 17 financial aid, Georgetown University Law Center, to the author (July 21, 2000) (on file with author). 26. C. § 1077a(k) (2000). 27. C. § 1078–8 (2000). If the student is not eligible to borrow the full $8,500 in subsidized Stafford funds, he or she may borrow that money as part of the unsubsidized Stafford loan.
Student Loan Reform: Hearing on S. , 2 (May 26, 1993). 19. Id. at 5. 20. Id. at 34. Congress to the Rescue 35 21. Id. at 76. 22. Id. at 6. 23. STAFF OF SENATE COMM. , RECONCILIATION SUBMISSIONS OF THE INSTRUCTED COMMITTEES PURSUANT TO THE CONCURRENT RESOLUTION ON THE BUDGET (H. CON. RES. 64) 447 (Comm. Print 1993) (reprinting submission of Senate Committee on Labor and Human Resources of report language to accompany Title XII of the Budget Reconciliation Act). 24. HOUSE COMM. N. 378, 480 (1993).