Protecting Borrowers & Advancing Equity: Systemic Solutions to Improve Federal Student Loan Servicing & Repayment
Saved in:
| Title: | Protecting Borrowers & Advancing Equity: Systemic Solutions to Improve Federal Student Loan Servicing & Repayment |
|---|---|
| Language: | English |
| Authors: | National Association of Student Financial Aid Administrators (NASFAA) |
| Source: | National Association of Student Financial Aid Administrators. 2022. |
| Availability: | National Association of Student Financial Aid Administrators. 1101 Connecticut Avenue NW Suite 1100, Washington, DC 20036. Tel: 202-785-0453; Fax: 202-785-1487; e-mail: membership@NASFAA.org; Web site: http://www.nasfaa.org |
| Peer Reviewed: | N |
| Page Count: | 42 |
| Publication Date: | 2022 |
| Sponsoring Agency: | Arnold Ventures |
| Document Type: | Reports - Descriptive |
| Education Level: | Higher Education Postsecondary Education |
| Descriptors: | Educational Equity (Finance), Student Loan Programs, Student Financial Aid, Loan Repayment, Accountability, Higher Education, Educational Policy, Advocacy, Income Contingent Loans |
| Abstract: | In this report, the National Association of Student Financial Aid Administrators (NASFAA) seeks to fill the gaps in the conversation by providing thoughtful, systemic, and targeted policy solutions to address underlying flaws in the student loan repayment and servicing systems that lead borrowers into financial hardship. The report outlines recommendations to improve student loan servicing practices, rethink the terms and conditions of student loan repayment, increase institutional and program accountability, and reform student loan default. As part of this work, NASFAA formed a coalition of 21 associations, organizations, and think tanks from the higher education policy, advocacy, and research community to assist in the development of these recommendations. While there is still more work to be done, these recommendations seek to transform the student loan system in a holistic way. NASFAA looks forward to working with lawmakers and the higher education community to further explore and strengthen these proposals as we work toward achieving an improved student loan system for all borrowers. |
| Abstractor: | ERIC |
| Entry Date: | 2024 |
| Accession Number: | ED661465 |
| Database: | ERIC |
| Abstract: | In this report, the National Association of Student Financial Aid Administrators (NASFAA) seeks to fill the gaps in the conversation by providing thoughtful, systemic, and targeted policy solutions to address underlying flaws in the student loan repayment and servicing systems that lead borrowers into financial hardship. The report outlines recommendations to improve student loan servicing practices, rethink the terms and conditions of student loan repayment, increase institutional and program accountability, and reform student loan default. As part of this work, NASFAA formed a coalition of 21 associations, organizations, and think tanks from the higher education policy, advocacy, and research community to assist in the development of these recommendations. While there is still more work to be done, these recommendations seek to transform the student loan system in a holistic way. NASFAA looks forward to working with lawmakers and the higher education community to further explore and strengthen these proposals as we work toward achieving an improved student loan system for all borrowers. |
|---|
