Techno-News Blog

February 20, 2020

Income-Driven Repayment Plans for Student Loans: Budgetary Costs and Policy Options

Filed under: Uncategorized — admin @ 12:14 am

Congressional Budget Office

Introduced as a way to make student loan repayment more manageable, income-driven plans limit payments to a percentage of borrowers’ income and allow for loan forgiveness after 20 or 25 years. The Congressional Budget Office examined how income-driven plans differ from plans that require fixed monthly payments, how enrollment in income-driven plans has changed over
time, and how those plans are projected to affect the federal budget.

Share on Facebook

No Comments

No comments yet.

RSS feed for comments on this post. TrackBack URL

Sorry, the comment form is closed at this time.

Powered by WordPress