TICAS Statement on House Vote to Block Student Debt Relief

The Department of Education recently released new data for the College Scorecard, a critical consumer tool that…

The current student loan payment relief benefits have provided vital economic support to upwards of 33 million borrowers who can better cover their basic needs during the pandemic without having to worry about their balances ballooning from unpaid interest, or their loans falling into delinquency or default. Without policymaker action, these protections will expire on December.

Like other proposals before it, the College Affordability Act (CAA) — House Democrats’ comprehensive proposal to reauthorize the Higher Education Act — makes major progress in improving the federal student loan repayment system. In this blog post, we outline the major components of the new repayment system under the CAA, which is a strong starting point for much-needed...

Today marks the 25th anniversary of the first income-driven repayment (IDR) plan being made available for federal student loan borrowers. Over eight million borrowers currently benefit from IDR plans, which base monthly payments on an individual’s income and family size. By keeping monthly payments more affordable, IDR is a critical safety net for struggling borrowers that...

Income-driven repayment (IDR) plans set monthly student loan payments based on income and family size, allowing borrowers to pay more when their income is higher.

As Congress works toward a comprehensive reauthorization of the Higher Education Act, policymakers share a goal of finding ways to simplify federal student loans so that students can more easily understand and navigate borrowing and repayment.