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Higher Education Advocates Propose Student Loan Repayment Plan

6 April 2014 4 views No Comment

“As defaults and delinquencies among federal student loan borrowers are increasing, a consortium of higher education advocacy and research organizations is calling on Congress to reform the overly complex loan repayment process. … ‘Far too many students needlessly slip into student loan default despite the numerous safeguards like income-based repayment that would keep their loans current,’ said NASFAA President Justin Draeger. ‘Moving to a system of auto-IBR as proposed in this paper would prevent borrowers who are already facing monumental challenges from the added dire consequences of loan default,’” The Association of Credit and Collection Professionals reports.

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