Fighting for Fairness and Access

Technical Corrections Could Fix Problems with IBR and PSLF

Earlier this year, we - along with more than 1,500 borrowers - called on the Department of Education to fix several serious problems with the draftregulations for Income-Based Repayment (IBR) and Public Service LoanForgiveness (PSLF).  The Department declined, so we have now asked Congress to make these necessary changes through technical corrections.

  • Fix the "double-counting" penalty for married borrowers in IBR
  • Provide timely confirmation of eligible employment for PSLF
  • Ensure that all borrowers with high debt burdens are eligible for IBR

Formore information on these problems and their solutions, read the letter outlining our proposed technical corrections.

We've already received word that the leader of the House education committee is committed to ensuring that IBR and PSLF work as intended. We'll keep you posted about any new developments.

Join the Project on Student Debt

IBRinfo is an initiative of the Project on Student Debt and its parent organization The Institute for College Access & Success. The Project conducts research, develops policy, and advocates for changes to limit the burdens of student debt and promote educational opportunity and financial security.

For policy updates, consumer advice, and opportunities for action on issues that affect you, sign up for occasional email updates from the Project on Student Debt.

 

  (This message was sent to the IBRinfo mailing list on December 17, 2008.) 

Income-Based Repayment and Pay As You Earn are two ways to help keep monthly payments affordable based on your income and family size. Visit the Department of Education’s Repayment Estimator to find out what your payments might be.
 

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