What if Congress could change the student loan repayment system so that repaying student loans was not only far simpler, but could considerably decrease a student’s chance of defaulting on the loans? A consortium of higher education organizations called on Congress to do just that. Consortium members HCM Strategists, Institute for Higher Education Policy, National Association of Student Financial Aid Administrators, New America, and Young Invincibles recommend reforming the overly complex repayment process for federal student loans by automatically enrolling all new borrowers in a single repayment plan based on income.
