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Income-based repayment becoming a costly solution to student loan debt

  • Written by Robert Kelchen, Associate Professor of Higher Education, Seton Hall University
Income-based repayment becoming a costly solution to student loan debtStudent loan debt is approaching the $1.5 trillion mark.zimmytws/Shutterstock.com

When Congress established the income-driven repayment for federal student loans back in 2007, it was touted as a way to help student loan borrowers save money by capping monthly payments at a certain percentage of a borrower’s income.

Since then, student loan...

Read more: Income-based repayment becoming a costly solution to student loan debt

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