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Download full textEmrey-Arras, Melissa; Bagdoyan, Seto J. – US Government Accountability Office, 2023
In August 2022, the Department of Education announced that, to address the heightened risk of delinquency and default caused by the COVID-19 pandemic, it would provide up to $20,000 of student loan debt relief to borrowers who met certain income thresholds. Borrowers eligible for this relief were to receive up to the full $20,000 in relief if they…
Descriptors: Student Loan Programs, Deception, Risk, Loan Repayment
Emrey-Arras, Melissa; Bagdoyan, Seto J. – US Government Accountability Office, 2019
As of September 2018, almost half of the $859 billion in outstanding federal Direct Loans was being repaid by borrowers using income driven repayment (IDR) plans. Prior U.S. Government Accountability Office (GAO) work found that while these plans may ease the burden of student loan debt, they can carry high costs for the federal government. This…
Descriptors: Federal Aid, Student Loan Programs, Loan Repayment, Income
