Top
image credit: Adobe Stock

Education Department releases regulatory plans on income-driven loan repayment, low-value colleges

January 10, 2023

The proposed reworking of income-driven repayment plans, commonly known as IDR, fits with the Biden administration’s stated mission to overhaul the beleaguered federal student loan system and enact new borrower protections.

Policymakers of all political stripes have called out flaws with federal loan options after the number of students taking out debt soared and many faltered in repaying it. The student loan portfolio has swelled to more than $1.7 trillion, in large part due to rising college costs.

Read More on Education Dive