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

Wenhua Di and Kelly Edmiston ()

No RWP 17-2, Research Working Paper from Federal Reserve Bank of Kansas City

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: Repayment; Relief programs; Fiscal impact; Student loans (search for similar items in EconPapers)
JEL-codes: H81 I22 I28 (search for similar items in EconPapers)
Pages: 39 pages
Date: 2017-01-02, Revised 2017-01-02
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https://doi.org/10.18651/RWP2017-02 https://doi.org/10.18651/RWP2017-02 (text/html)

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Working Paper: Student loan relief programs: implications for borrowers and the federal government (2016) Downloads
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