CFPB: Highest-Risk Borrowers Not Enrolled in Income-Driven Repayment

May 17, 2017
  • Industry News

A new report from the Consumer Financial Protection Bureau finds that more than 90 percent of defaulted student loan borrowers aren't enrolled in income-driven repayment plans within nine months of rehabilitating their debt. And half of those high-risk borrowers end up defaulting again within three years if not enrolled in income-driven repayment, the report finds.

Read more at Inside Higher Ed: https://www.insidehighered.com/quicktakes/2017/05/17/cfpb-highest-risk-borrowers-not-enrolled-income-driven-repayment