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.
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
Property tax systems can foster sustainable homeownership, be fair and reasonable for property owners, and still provide the revenue needed for quality public services.
Read More about Reforming Property Tax Foreclosure Laws to Promote Sustainable Homeownership
Homeowners who fall behind on their property taxes risk the swift loss of their homes through tax foreclosures if they cannot pay off the back taxes owed, plus any interest, fees, costs and penalties thathave accrued. The accumulated amounts needed to resolve the tax debt can be overwhelming and resultultimately in the loss of their…
Read More about Heirs Should Not Be Subject to Florida's Homestead Tax Exemption Penalty
Medical bills often arrive unexpectedly and send many families into a financial tailspin. Unanticipated out-of-network medical bills, which often happen during emergencies, are referred to as “surprise bills” and can reach hundreds or thousands of dollars. This issue brief provides a general overview of older patients’ rights against surprise medical bills, focusing on protections provided…
Read More about Protecting Older Adults from Surprise Medical Bills
This Chapter Summary explains how older borrowers can prepare for when the federal student loan repayment pause ends. This Chapter Summary accompanies a presentation Kyra Taylor, Abby Shafroth, and Alpha Taylor did for the National Center on Law and Elder Rights on March 28, 2023.
