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Negotiators debate removal of 'partial financial hardship' from income-driven draft
Summary
In discussion draft 682215, the department moved to remove references to 'partial financial hardship' and instead recalculates borrowers' aggregate monthly payment to not exceed the applicable amount; stakeholders asked for definitional clarity on 'aggregate monthly payment' and AGI.
The committee reviewed discussion draft 682215, which the department presented as removing references to "partial financial hardship" throughout the income-driven repayment text and replacing that trigger with a requirement to recalculate a borrower’s aggregate monthly payment so it “does not exceed the applicable amount.” Speaker 1 summarized the redline changes and asked for pulse reactions.
Stakeholders pressed for definitional…
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