Thursday, February 20, 2020

Income-Driven Repayment Plans for Student Loans: Budgetary Costs and Policy Options - Cngressional 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.
https://www.cbo.gov/system/files/2020-02/55968-CBO-IDRP.pdf