Education

Who should pay?

From Urban Institute: “For the 43 million Americans with student loan debt, income-driven repayment (IDR) plans can offer a more affordable option for paying off loan balances. A third of all borrowers, holding nearly half of all federal student debt, are already enrolled in a federal IDR plan. … How can policymakers tweak or redesign the current IDR offerings to create a fair and sustainable loan system? … If the exemption threshold rose to 200 percent of the federal poverty level (FPL), income below the earnings of the typical high school graduate would be exempt.”

View the full article from Urban Institute.