AFREF joined a letter to the Dept. of Education applauding the Department for the significant positive impact its proposed changes to the IDR rules could have on student loan borrowers. The proposed rule has the ability to substantially reduce monthly and lifetime payments for millions of borrowers, raise the threshold for protected non-discretionary income, lower the share of discretionary income borrowers have to pay, waive unpaid interest, and decrease time to cancellation.
Letters to the Administration: Letter Asking President Biden to Extend and Expand Access to PSLF and IDR Waiver
AFFEF joined a letter urging President Biden to extend, expand, and coordinate more closely the current Public Service Loan Forgiveness waiver and Income-Driven Repayment Adjustment in order to fulfill the promise of affordable and manageable loan repayment for borrowers.
Letters to Regulators: 100+ Organizations Urge Biden Administration to Aid Millions of Student Loan Borrowers with Overdue Income-Driven Repayment (IDR) Reforms
AFREF joined over 100 organizations in a letter urging the Department of Education to implement Income-Driven Repayment (IDR) reforms through the creation of an IDR waiver.