How Congress Can Ensure Borrowers Have Affordable Student Loan Repayment Options

The OBBBA made significant changes to the federal student loan repayment system. These shifts have driven ongoing concerns about a looming “default cliff,” where an unprecedented number of borrowers struggle so much to repay their loans that they default on their payments in droves. Without access to truly affordable payments, millions more borrowers will fall behind.

Our fact sheet outlines additional reforms Congress can make to ensure the repayment system is actually affordable for all borrowers and keep people out of loan default.