More than 13 million people rely on Income-Driven Repayment (IDR) plans to repay their federal student loans. IDR plans provide borrowers who cannot afford standard, fixed payments with an alternative way to repay based on their income and family size and to become student debt-free by making up to 25 years of payments.
This short issue brief provides the top four ways rolling back the 2022 Borrower Defense Rule will make it harder for scammed students to receive relief.
Parent PLUS loans are federal loans made to parents to help pay for their children’s college education. There are currently over 3.6 million people with Parent PLUS loans. A significant portion of today’s parent borrowers are very low-income and are struggling with repayment. Currently, they can access lower payments to help avoid distress and default…
This one pager explains why the Closed School Discharge program is essential to preserve as federal lawmakers consider cuts to federal student loan programs.
Read More about Debt Without a Degree: Preserving Protections for Students When Schools Close
NCLC will pursue common-sense regulatory and legislative reforms to ensure fairness, fight fraud, and protect consumers in 2025.
A new fact sheet from NCLC and the New America Foundation examines the problem and provides policy solutions to protect the financial security of older adults with student loan debt.
Read More about The Growing Impact of Student Loan Debt on Older Adults
