Student debtors not benefitting from repayment options, report says

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By Douglas Clark  |  August 18, 2017

A Consumer Finance Protection Bureau (CFPB) report maintains student loan borrowers continue to struggle while not taking advantage of affordable repayment plans. The report revealed for borrowers the benefits of affordable payment options remain largely untapped, although nearly every federal student loan borrower has the right under federal law to make a monthly payment based on their income - known as Income-Driven Repayment (IDR). The report authors said the investigative effort exami...

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