Education Needs to Verify Borrowers’ Information for Income-Driven Repayment Plans

Education Needs to Verify Borrowers’ Information for Income-Driven Repayment PlansFederal Figuratively Speaking:

Federal Figuratively Speaking:

GAO-19-347: Posted: Jun 25, 2019. Publicly Released: Jul 25, https://paydayloanstennessee.com 2019.

  1. Share This:

Extra Materials:

  • Features Web Page:
    • (PDF, 1 web web page)
  • Comprehensive Report:
    • View Report (PDF, 47 pages)
  • Available Variation:
    • (PDF, 50 pages)

Seto J. Bagdoyan
(202) 512-6722
bagdoyans@gao.gov

Workplace of Public Affairs
(202) 512-4800
youngc1@gao.gov

To help relieve the duty of federal figuratively speaking, borrowers can put on for Income-Driven Repayment plans. The plans utilize borrowers’ taxable earnings and household size to find out an affordable repayment price. Monthly obligations can be as low as $0 but still count toward prospective loan forgiveness following the payment duration. (más…)