Income-based repayment becoming a high priced treatment for education loan financial obligation

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Associate Professor of Advanced Schooling, Seton Hall University

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Robert Kelchen can not work for, consult, own stocks in or get financing from any business or organization that could take advantage of this short article, and has now disclosed no appropriate affiliations beyond their educational appointment.

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Whenever Congress established the repayment that is income-driven federal student education loans back in 2007, it had been touted in order to assist education loan borrowers spend less by capping monthly premiums at a particular portion of a borrower’s earnings. Leer más