Prior to the pandemic, 20% of federal student loan borrowers were in default. These poor loan repayment outcomes can be partially attributed to an overly complicated federal student loan system. Borrowers must determine which of the many repayment plans with varying terms is in their best interest. Income-driven repayment plans that tie a borrower’s monthly payment to their income are meant to provide an affordable option for struggling borrowers, but uptake is hampered by burdensome red tape. Although interest accruals and payments on federal loans remain suspended until September 30, many borrowers will struggle to meet their loan obligations when repayment resumes.
Join the Bipartisan Policy Center for a conversation about how to improve the student loan repayment process in a way that better supports borrowers and improves loan outcomes.
Keynote remarks by:
Sen. Marco Rubio (R-FL)
Panel discussion with
Resident Scholar, American Enterprise Institute
Project Director, Education, Opportunity, and Mobility, New America
Deputy Director of Advocacy & Civil Rights Counsel, Student Borrower Protection Center
Executive Director, Student Loan Servicers Alliance
Education Reporter, POLITICO
Additional participants to be announced
In light of restrictions related to the COVID-19 pandemic, BPC events have shifted to all remote formats, such as video teleconferences or calls.