The Income-Based Repayment (IBR) plan decreases the burden of student loan debt for borrowers with high levels of debt or relatively low incomes. For borrowers with high debt or low income, student loan debt payments are based on income instead of the amount of debt and the interest rate. The...

This report highlights how the payment formulas currently underlying Income-Driven Repayment (IDR) can harm low to middle-income borrowers, forcing them to choose between meeting basic needs and paying their monthly student loan bills. Using a series of hypothetical borrower scenarios, the...

Outstanding student loan indebtedness in the United States exceeds $1.67 trillion and it is projected to exceed $2 trillion by 2021 or 2022 (varying by source). The United States has decided that broad access to higher education is an important social policy, and a decision has been made to...