NASFAA Mention: Ideas for Getting Loan Borrowers Back Into Repayment

"Five groups have issued a set of recommendations on 'successfully transitioning federal student loan borrowers back into repayment,'" Inside Higher Ed reports.

..."The groups urged the government to 'provide intensive, targeted outreach to borrowers who demonstrated signs of struggle before the pause,' to 'provide clarity on auto-debit payments,' to 'provide additional flexibilities to borrowers who exhibit signs of stress after the pause ends,' to 'require student loan servicers to maintain a skilled workforce and ensure proper servicer oversight' and to work for longer-term solutions.

The memo was from the Center for American Progress, New America Higher Education Program, the National Association of Student Financial Aid Administrators, the Institute for College Access & Success, and the Pew Charitable Trusts’ Project on Student Borrower Success."


Publication Date: 3/17/2021

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