Income-Driven Repayment
Attacks on the student loan safety net have left millions of borrowers without access to affordable repayment options and threatened the promise of debt relief.
Income-Driven Repayment (IDR) is meant to be a key protection that sets federal student loan borrowers’ monthly bill at an affordable amount determined by their income, not by their loan balance. Nearly 10 million borrowers rely on this program as an eventual pathway out from under historic levels of student debt. Unfortunately, as a result of widespread breakdowns and illegal practices by loan servicers combined with right-wing attacks on student loan relief programs, IDR has failed millions of borrowers in dire need of relief that the program promised to provide.
What We’re Doing
Protect Borrowers is working to shine a light on breakdowns and policy choices that are raising costs for millions of working families and have left perhaps the most critical element of the student loan safety net broken. We will hold the U.S. Department of Education and servicers accountable when they fail to deliver on the promise of IDR and hurt American families.
By The Numbers
$300/month
The Trump Administration’s decision to restart interest for millions of borrowers in SAVE will cost the typical borrower $300 per month
1 million+ borrowers
Since the IDR Account Adjustment, over 1 million borrowers have received debt cancellation through IDR.
only 132 borrowers
Before the account adjustment happened, only 132 borrowers had ever received debt cancellation through the IDR plans.