Monday, August 24, 2015

More Borrowers Enroll in Income-Based Repayment - Inside Higher Ed

The number of federal student loan borrowers enrolling in income-based repayment options grew by more than half over the past year, the Education Department said on Thursday. As of June, nearly 3.9 million federal direct loan borrowers were enrolled in the plans, which the Obama administration has expanded and heavily promoted. That’s a 56 percent jump from last June. Education Secretary Arne Duncan touted the increase as a success on Thursday.

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