The Affordable Loans for Any Student Act Makes Critical Improvements to Help Borrowers Manage their Debt and Avoid Default

There is broad, bipartisan agreement that Congress needs to simplify and improve the current array of repayment plans that base monthly federal student loan payments on borrowers’ incomes, broadly referred to as income-driven repayment or IDR. The Affordable Loans for Any Student Act, led by Senator Jeff Merkley (D-OR) and Representative DeLauro (D-CT), stands out as the reform borrowers urgently need to simplify and improve the repayment of federal student debt.