Why We Need Your Story: Understanding the Impact of Student Loan Repayment Changes
Proposed changes to Income-Driven Repayment (IDR) plans could result in higher monthly payments, making it harder for many borrowers to stay on track. This could lead to increased financial strain, greater risk of default, and long-term economic consequences.
Borrowers who default may face wage garnishment, tax refund seizures, and credit damage, which can limit financial opportunities. For low-income borrowers, these challenges could create lasting financial instability.
By sharing your experience, you can help illustrate how repayment plans impact borrowers’ financial well-being. If you or someone you know relies on IDR, we want to hear from you. Your story can help build a clearer understanding of the real-life effects of these changes.