Is There a Minimum Wage?

Previously, you were capped at ten % of your discretionary income. Now that provision is cancelled out so the interest cannot add to your balances over time. The latter itself of payments, is tagged not to the poverty line, as it previously was, but is tagged to a 15 dollar an hour minimum wage. So if you earn less than a full time 15 dollar anhour minimum wage, that'd be about 30 thousand dollars a year, your payment will be zero under this programme. And these are changes to the public service loan forgiveness program. These are very, very technical, but basically, borrowers who worked in public service are entitled to earn credit towards loan forgiveness even separate from that ten year pay