More than 5,600 Pitt Community College and 20,400 East Carolina University students could get a break when it comes to paying back their student loans once they graduate.
Those eligible for the Pay as You Earn plan, that rolled out on Dec. 21, include new borrowers who took out William D. Ford Federal Direct Subsidized or Unsubsidized Loans, a Direct Plus Loan made to graduate or professional students or a Direct Consolidation Loan on or after Oct. 1, 2011,
According to the U.S. Department of Education, new borrowers are those who had no outstanding balance on a Direct or Federal Family Education Loan Program (FFELP) loan as of Oct. 1, 2007.
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