Affordability

We welcome the Biden Administration’s actions to address shortcomings of the IDR system, including forbearance steering and flawed payment tracking. The plans announced today will result in immediate balance cancellation for tens of thousands of borrowers under IDR and Public Service Loan Forgiveness and additionally move millions of borrowers closer ...

Analysis focuses on two key design details that can make income-driven repayment work better for borrowers.

We applaud the Biden Administration for extending the payment pause for student loan borrowers today, and for providing a critical “fresh start” for millions of borrowers who were in delinquency or default on their student debt when the pandemic began.

President Biden’s fiscal year 2023 budget request, released today, proposes critical new investments in college affordability and completion. By investing in a significant increase to the Pell Grant—as well as evidence-based retention and completion strategies—and supporting HBCUs, TCCUs, MSIs, and community colleges, this budget would help millions of students ...

Even before the pandemic, too many Americans struggled to manage their student loan debt.

We thank President Biden for affirming his commitment to higher education through investments in the Pell Grant program and in community colleges, HBCUs, and other minority-serving institutions.