Showing posts with label Austin Lacy. Show all posts
Showing posts with label Austin Lacy. Show all posts

Monday, 11 July 2016

The tension between student loan accountability and income-driven repayment plans (Johnathan G. Conzelmann, Nichole D. Smith, Austin Lacy, Brookings)

How difficult is it for recent college students to repay their share of the $1.3 trillion in outstanding student loan debt? The newly released College Scorecard reports that 37 percent of federal student loan borrowers were unable to pay back even $1 of their outstanding principal balance after three years in repayment (e.g., any payments they may have made have been applied to accrued interest only).

http://www.brookings.edu/blogs/brown-center-chalkboard/posts/2016/07/11-student-loan-repayment-metrics-conzelmann-smith-lacy