From Urban Institute: “For the 43 million Americans with student loan debt, income-driven repayment (IDR) plans can offer a more affordable option for paying off loan balances. A third of all borrowers, holding nearly half of all federal student debt, are already enrolled in a federal IDR plan. … How can policymakers tweak or redesign the current IDR offerings to create a fair and sustainable loan system? … If the exemption threshold rose to 200 percent of the federal poverty level (FPL), income below the earnings of the typical high school graduate would be exempt.”
