Title

Groups Urge Multiyear Income-Driven Repayment

October 13, 2016
 

A coalition of 20 groups -- including unions, consumer groups and the loan servicing company Navient -- this week wrote to federal agencies to call for a streamlined and simplified process of reapplying for income-driven student loan repayment plans. They asked the feds to allow borrowers to automatically re-enroll in the plans each year through increased information sharing between the U.S. Department of Education, the Internal Revenue Service and other agencies.

“As student advocates, we hear from borrowers all the time who are already struggling with repayment, and then they’re hit with additional fees because they failed to recertify for [income-driven repayment],” said Maggie Thompson, executive director of Generation Progress, which is a youth-focused division of the Center for American Progress, in a written statement. “This is such an easy fix for the departments and the IRS to undertake, and they don’t even need Congress to pass any new laws. It would benefit both borrowers and servicers and save the government needless paperwork.”

 
+ -

Expand commentsHide comments  —   Join the conversation!

Opinions on Inside Higher Ed

Inside Higher Ed’s Blog U

What Others Are Reading

  • Viewed
  • Past:
  • Day
  • Week
  • Month
  • Year
Back to Top