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Preston Cooper: How The Student Loan Safety Net Backfired


Income-driven repayment (IDR), which allows federal student loan borrowers to tie loan payments to their income, has expanded from a niche safety net program to the dominant plan borrowers use to pay back their loans. President Biden recently made IDR plans more generous at a cost of $475 billion, which officials hope will draw more borrowers

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Posted: February 16, 2024 Friday 02:30 AM