Safety Net or Windfall?

Lynn Russo Whylly's picture

In his 2010 State of the Union address, President Obama argued that high college tuition was an untenable burden for the middle class, and that by reducing payments to 10 percent of a borrower's income and providing loan forgiveness after 20 years of payments, lawmakers could provide borrowers with relief. This report examines changes to income-based repayment for federal student loans.

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