What have you always wondered about the economy? Tell Us

Study: Changes to student loan repayments benefit the well-off

Jeff Horwich Oct 16, 2012
HTML EMBED:
COPY

Study: Changes to student loan repayments benefit the well-off

Jeff Horwich Oct 16, 2012
HTML EMBED:
COPY

In 2010, Congress and President Obama made major changes to the income-based repayment program for student loan borrowers. The idea was to lighten the load for people entering an uncertain job market. But today, the nonpartisan New America Foundation is out with a report that suggests the new rules might not benefit the people who are most in need.

Jason Delisle, director of the Federal Education Budget Project at the New America Foundation and co-author of the study, says  Obama’s student loan reforms would provide limited relief for low-income borrowers. Rather, it would benefit middle- and high-income borrowers, particlarly those pursuing graduate degrees.

Marketplace is on a mission.

We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.

Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?

Your donation is critical to the future of public service journalism. Support our work today – for as little as $5 – and help us keep making people smarter.