Haley Garberg, a newly married 33-year-old physical education teacher, has been in various repayment plans for nearly a decade. “Income-driven repayment doesn’t care that you have 18 bills to pay,” she said. Borrowers must sort through an alphabet soup of income-driven repayment plans: I.C.R., I.B.R. For a single person, the federal poverty level is typically $12,490, so single borrowers generally pay 10 percent of what they earn above $18,735. So far, about 20 borrowers have remained enrolled long enough for that to happen, according to the Education Department . )

Source: New York Times October 13, 2019 22:30 UTC