Brooklyn, NY (PRWEB) April 20, 2016
As of December, 2015 borrowers that previously did not qualify for the Pay As You Earn (PAYe) repayment plan due to their loans having been issued before October, 2007 and not having a new loan after Oct, 2011 will now qualify for the updated plan called the Revised Pay As You Earn (REPAYe).
Putting this plan in place is a continued effort by the Obama administration to help student loan borrowers tackle their debt burden. With $1.334 trillion in federal student loan debt currently outstanding and that amount growing by $2,726 every second, there is now more pressure than ever on the Department of Education and the Obama administration to put in place relief plans to curtail this growing problem.
Student Debt Advocates has been advising borrowers on student loan debt repayment options and forgiveness programs as well as handling document preparation since 2013. There have been over 15,000 borrowers advised to date and that number is growing every day. Individuals that are interested in obtaining further information can reach out to Student Debt Advocates by calling (800) 272-5308 or visiting http://www.studentdebtadvocates.com