The latest Department out-of Studies holds details about the kind of financing (elizabeth In the long run, we could offer current consumers credit to own time served as if that they had started subscribed to REPAYE as the leaving university. This could include flexible debt which is older than two decades (or twenty five in the event the scholar obligations). This will be low priced (while there is little debt one to dated) and you will modern (while the those who are obligated to pay they features struggled much). To track down a sense of just who owes so it financial obligation, the next column of data on table lower than has got the shipping of bills older than twenty five years old. An average of, less than one percent regarding full balances come from money twenty five years of age or more mature (typically $247 dollars for every single home which have student education loans). not, much of you to definitely loans try owed because of the low-earnings homes. (more…)