In December 2017, nearly half the volume of direct loans currently in repayment was being repaid through income-driven plans. Such plans differ from fixed monthly payment plans by limiting required payments to a percentage of borrowers’ income and allowing for loan forgiveness after 20 or 25 years.
CBO examines how enrollment in income-driven plans has changed over time and how those plans will affect the federal budget. CBO also assesses the costs of two broad sets of options that would change the availability of such plans or change how borrowers’ payments are determined.
MAJOR RECURRING REPORTSView All
- H.J. Res 76, Providing for Congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Education relating to “Borrower Defense Institutional Accountability”
- H.R. 306, a bill to direct the Secretary of the Interior to conduct a reconnaissance survey of the site of the Kettle Creek Battlefield in Wilkes County, Georgia, and adjacent property, and for other purposes
- H.R. 4779, an act to extend the Undertaking Spam, Spyware, And Fraud Enforcement With Enforcers beyond Borders Act of 2006, and for other purposes