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Report – Examining Changes to Income-Based Repayment for Federal Student Loans

Policy Paper – Safety Net or Windfall? Examining Changes to Income-Based Repayment for Federal Student Loans, by Jason Delisle, Alex Holt, New America Foundation, October 16, 2012

  • “The U.S. Department of Education plans to finalize changes to IBR — lowering student loan payments from 15 to 10 percent of a borrower’s discretionary income and accelerating loan forgiveness from 25 years to 20 years — by the end of the year. The report, “Safety Net or Windfall? Examining Changes to Income-Based Repayment for Federal Student Loans,” provides unique insight into the intricacies of the upcoming Income-Based Repayment (IBR) changes and their unintended consequences. It also recommends changes that policymakers should make before the new IBR program takes effect to better target its benefits to borrowers with lower incomes, rather than high-income borrowers with graduate and professional degrees.”
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