S. 5108 aims to amend the Higher Education Act of 1965 to provide relief for borrowers of Federal Direct PLUS loans, which are loans taken out by parents on behalf of their dependent students. The bill proposes expanding repayment options to include income-contingent...
Simple Explanation
S. 5108 is a plan to help parents who took out loans for their kids' college by giving them easier ways to pay back, especially if they face really hard problems or work in special help jobs.