April 2022

The Institute for College Access & Success: How reforming income-driven repayment can reduce the burden of student debt

Contributors: Michele Streeter; Daniel Sparks; Jessica Thompson; J. Oliver Schak

Issues Areas: Education

This Robin Hood-funded report from The Institute for College Access & Success finds that, to reduce the burden of student debt for borrowers enrolled in income-driven repayment, policymakers should focus on increasing the amount of a borrower’s income that is “protected” from the IDR payment formula and shortening the maximum repayment period.