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Document Number: 11206

Should All Student Loan Payments Be Income-Driven? - The complex federal student loan system is ripe for streamlining, the authors argue, mapping out pros and cons of income-driven repayment plans (IDRs) and passive repayment systems such as paycheck withholding. Requiring IDRs for all borrowers may have unintended consequences. On the plus side, they could help make monthly payments manageable, thus reducing student debt defaults. On the other, IDRs can increase the amount of time borrowers have debt, which might reduce access to other forms of credit. (Lauren Asher, Diane Cheng and Jessica Thompson, The Institute for College Access & Success, April 2014)...

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Postsecondary Affordability

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