Access to Data Tool Restored for Borrowers

June 5, 2017
  • Industry News

Student loan borrowers looking to enroll in income-driven repayment programs -- or to recertify their income levels -- can once again automatically transfer their tax return data into applications. The Department of Education announced Friday that it had restored access to the IRS data retrieval tool for those borrowers.

The IRS removed the DRT in early March in response to cybersecurity concerns. The website was a key tool for many students applying for federal financial aid as well as borrowers applying to enroll in more affordable repayment plans.

Read more at Inside Higher Ed: https://www.insidehighered.com/quicktakes/2017/06/05/access-data-tool-restored-borrowers