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Should More Student Loan Borrowers Use Income-Driven Repayment Plans?, No. 21-20

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Should More Student Loan Borrowers Use Income-Driven Repayment Plans?, No. 21-20

DATE: June 2021

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ABSTRACT: The share of the U.S. population with a college degree is growing. So is the share of degree holders who took out federal student loans. Newer repayment options allow borrowers to adjust their payments based on their income. More education on available options may help borrowers navigate the system and choose the repayment plan that works best for them.


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Gunn, Sarah , Haltom, Nicholas L. , Neelakantan, Urvi and Federal Reserve Bank of Richmond. "Should More Student Loan Borrowers Use Income-Driven Repayment Plans?, No. 21-20," Economic Brief (June 2021). https://fraser.stlouisfed.org/title/6034/item/604411, accessed on June 6, 2023.

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