One-quarter of student loans are repaid on income-based repayment plans

Source: Joy Wiltermuth - MarketWatch

Unemployment hasn’t been this low for 50 years, but a record one-quarter of student loans from a popular federal program qualified for easier repayment plans to help borrowers avoid default, according to DBRS Morningstar.

Income-based repayment plans were being used on 24.7% of $452 billion worth of student loans with U.S. government backing during the fourth-quarter of 2019, up from 21.8% a year earlier, DBRS Morningstar said in a Friday report.

Read Full Article: One-quarter of student loans are repaid on income-based repayment plans

 

Tags/Keywords

 

Search

Quick Menu

Facebook FTwitter T
 

Consumer Help Desk

Advocacy