Undergraduate students have 10 years from graduation to pay off their federal student loans, interest free and penalty free. Any amount remaining after 10 years, starts accruing interest, and penalties for late or missed payments shall begin. This will reduce the burden on recent graduates, give flexibility to payments, incentivize pay-off in 10 years, and stimulate the economy without adding to the inflation. Students are still responsible for the loan amount they signed for, and the tax payers are not left with the bill for their education.
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