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Cosigned A Letter.pdf

Final-IDR-Waiver-Coalition-Letter-2_9_2022.pdf
Preview of cosigned a letter
🔗 Source: protectborrowers.org
📊 Size: 67 KB
📄 Pages: 5 pages
⬇️ Downloads: 85

Summary

104 organizations urge Secretary of Education Miguel Cardona to create an income-driven repayment (IDR) restoration project or waiver to deliver on the promise of affordable federal student loan payments. Despite Congress' intention to make student loans manageable, IDR has failed, with only 32 borrowers successfully canceling their loans since 2016. The organizations cite administrative hurdles, servicer misconduct, and disproportionate harm to Black borrowers as reasons for the failure. They propose an IDR waiver that would retroactively count all months in repayment towards loan forgiveness, provide automatic relief, and ensure access to all federal loan borrowers.

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Description

104 organizations urge Secretary of Education Miguel Cardona to create an income-driven repayment (IDR) restoration project or waiver to deliver on the promise...

Technical Information

  • File Format: PDF
  • File Size: 67 KB
  • Pages: 5
  • Language: EN
  • Total Downloads: 85
  • Last Updated: 1 week ago

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