The system transform remains to be viewed and you will utilizes just how policymakers look at the cousin importance of other wants, including:
- Cover up against earnings fluctuations getting borrowers
- Progressivity regarding mortgage installment and you can forgiveness across the income range
- The latest the quantity to which taxpayers subsidize student loan fees
Particularly, should your objective will be to beat delinquency and you may standard, after that educating individuals and you can reducing management burdens could be useful. Instance operate might be especially vital in the upcoming months as the COVID-19 emergency relief to have education loan consumers is set to expire into Sept. 31, where time individuals are required to resume payments.
Sarah Gunn and Nick Haltom direct the commercial Knowledge and you may Regional and you can People Research organizations, correspondingly, and you will Urvi Neelakantan are an elder policy economist throughout the Lookup Institution on Government Put aside Lender of Richmond.