People who are saddled with big student-loan debts can soon take advantage of the government’s loan repayment and forgiveness plan that officially begins this Friday.
The Department of Education program will allow students and families who are paying off high student loan debt to reduce their payments to 10 percent of their discretionary income.
Derrick Smith, a certified credit counselor with Consumer Credit Counseling of San Antonio, said students must have received two separate loans.
