Working Paper

Student Loan Relief Programs: Implications for Borrowers and the Federal Government

Abstract: As college costs increase and more students borrow to fund their education, debt load and delinquency rates have become significant problems. Student loan obligations are challenging to manage for new graduates with lower earnings and for borrowers in financial hardship. This paper discusses the various federal student loan repayment relief programs that are available and their borrower and fiscal impacts. The implications for borrowers' costs and the federal budget vary significantly by loan amount, income level, and relief program.

Keywords: Student loans; Repayment; Relief programs; Fiscal impact;

JEL Classification: H81; I22; I28;

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Bibliographic Information

Provider: Federal Reserve Bank of Kansas City

Part of Series: Research Working Paper

Publication Date: 2017-01-02

Number: RWP 17-2

Pages: 39 pages