(Source: Mark R Warner) Today, Senator Mark R. Warner joined Senators Angus King (I-Maine) and Richard Burr (R-N.C.), along with Marco Rubio (R-Fla.), Susan Collins (R-Maine) and Lamar Alexander (R-Tenn.), in introducing legislation to reform federal student loan repayment programs. The Repay Act, which Senators King and Burr originally introduced last Congress, would simplify the complex maze of federal student loan repayment programs by consolidating many of the benefits of current repayment programs into two plans: a fixed repayment plan, based on a 10-year period, and a single, simplified income-driven repayment option. "The federal government's student loan repayment...
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