Source: Sarinya Pinngam / EyeEm / Getty Student Loan Payments May Come Directly Out Of Your Paycheck In The Future According to Fox29 , y our student loan payments could reportedly be automatically deducted from your paycheck every month if a new proposal from Republican Sen. Lamar Alexander actually becomes a law. Alexander laid out his vision in a speech earlier this month, looking to completely overhaul the system for financial aid and student loan repayments. A move that could ultimately affect up to 40 million borrowers, who owe a collective $1.5 trillion in outstanding student loan debt. Alexander proposed a repayment plan based on a borrower’s income. It would never require the borrower to make payments of more than 10 percent on their income, he said.
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Pocket Watching: Student Loan Payments May Come Directly Out Of Your Paycheck In The Future
