Student Loan Negotiators Carefully Examine Income Based Repayment Provisions

Abstract:

Student loan negotiated rulemaking (NegReg) continued this week as stakeholders in the student loan programs discussed proposed draft regulations issued by the Department. Negotiators spent a day and a half examining draft regulations on the income based repayment (IBR) option created by the College Cost Reduction and Access Act (CCRRAA). NASFAA’s summary of IBR - as outlined in statute - is available online. This article discusses the main points and discussions that took place on the IBR program at negreg.

The full article was originally published in NASFAA’s Today’s News on 2/6/08.