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'Pay As You Earn' can help graduates overwhelmed by debt

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By Ara Oghoorian, owner of Acap Asset Management If you've graduated and started working, and yet you still feel overwhelmed by your student loan payments, there are ways to lessen the load. Federal student loan borrowers may be eligible for a government repayment plan that caps monthly payment amounts based on income. Pay As You Earn, or PAYE, is one of the Department of Education's income-driven repayment programs. It was passed into law by President Obama in 2012, and limits...

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