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The Case For More Debt: Expanding College Affordability By Expanding Income-Driven Repayment, John R. Brooks
The Case For More Debt: Expanding College Affordability By Expanding Income-Driven Repayment, John R. Brooks
Georgetown Law Faculty Publications and Other Works
Income-Driven Repayment (IDR) for federal student loans is rapidly becoming the primary tool that the federal government uses to provide progressive funding to individuals to pay for college. Under these programs, borrowers can choose to pay back their loans as a percentage of income, with eventual debt forgiveness after 10-25 years. If administered well, these programs can make student loans affordable for everyone, regardless of income. In this symposium essay, I argue that for IDR to meet its goal of providing affordable higher education to everyone, the federal government needs to raise the individual borrowing limits on Direct Loans and …