The Ballad of Sallie Mae

That was a good Wall Street Journal editorial earlier this week on Sallie Mae, but it missed one potentially significant point; according to this Mark Knoller tweet, student loan repayments are now limited to a maximum of 10% of annual income, with forgiveness after 10 years. Yet more incentive for graduating college students to head off into non-profit or entry-level government work, or to do something else that keeps their income low enough that it caps their loan repayment.