Income-Contingent Student Loan Repayment Systems Outside the U.S.

This paper accompanies Automatic for the Borrower: How Repayment Based on Income Can Reduce Loan Defaults and Manage Risk, a paper by a consortium of five student-aid advocacy and research organizations – HCM Strategists, the Institute for Higher Education Policy (IHEP), the National Association of Student Financial Aid Administrators (NASFAA), New America (NA), and Young Invincibles (YI) – that proposes automatically enrolling federal student loan borrowers in a single repayment plan based on income (“auto-IBR”). The proposals in this paper are intended to complement proposals in the consortium’s paper. However, the proposals in this paper reflect the recommendations of NASFAA and are not supported by all groups in the consortium. Financial support for this research was provided by a grant from the Bill & Melinda Gates Foundation through the Reimagining Aid Design and Delivery (RADD) project.

  • Publication Date : 03-20-2014
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