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In the meantime, Sacramento is moving forward with its own program based on passage of Senate Bill 555, which expanded the state's definition of public-benefit projects that are eligible for repayment through property taxes to include renewable energy, energy efficiency and water conservation improvements on private property.
Some of the debt is not eligible for repayment before it matures, and thus cannot be repaid, he suggested, which will allow for a continuing market for U.S. Treasury bonds.
Virtually all borrowers with federal student loans are eligible for repayment plans that enable them to make payments based on their monthly take-home pay.
But state officials decided to honor it after they saw more documents proving the loan was indeed eligible for repayment, H.D. Palmer, a Department of Finance spokesman, said in an email.
All Stafford, PLUS and Consolidation Loans made under either the Direct Loan program or the now-defunct Federal Family Education Loan FFELL) program are eligible for repayment under IBR, except loans in default, Parent PLUS Loans or Consolidation Loans containing Parent PLUS Loans.
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A person accessioned into the Chaplain Candidate Program is not eligible for the repayment of a loan under subsection (a).
All student loan borrowing to cover a parent resource assessment is eligible for loan repayment assistance under the Low Income Protection Plan.
However, student loan borrowing to cover an expected student contribution, while permissible, is not eligible for loan repayment assistance under the Low Income Protection Plan.
If you borrow education loans, your student contribution also affects the amount of borrowing that will be eligible for loan repayment assistance through the Low Income Protection Plan (LIPP).
Starting in 2014 new borrowers who are eligible for this repayment program will be able to cap their monthly loan payments at just 10% of their discretionary income.
You're not eligible for a repayment plan as long as you remain in default.
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