Student loans forgiven for initial round of Maine borrowers under revamped federal program

James Myall, an analyst for the Maine Center for Economic Policy, said the new program is intended to revamp a previous federal repayment loan plan that was viewed as confusing and difficult to use.

“More people who have very low incomes will have smaller payments, and some folks could have zero dollars in payments, if they’re living within a certain level of the federal poverty line,” he said.

Click here to read the full story, first published February 23, 2024 in Maine Public.