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Congress worsens student-loan repayment terms for some borrowers

The change would raise monthly payments and extend the length of repayment for affected existing borrowers, according to the New York Times.

Reported · Written up by our desk · Equities

The New York Times reports that Congress made a rare move to worsen repayment terms for some existing student loan borrowers.

Under the change, affected borrowers are expected to pay more and carry the repayment obligation for a longer term than under prior terms.

The outlet describes the shift as leaving some borrowers with less favorable repayment plans than they had before the congressional action.

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