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Protecting Borrowers & Advancing Equity: Systemic Solutions to Improve Federal Student Loan Servicing & Repayment

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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
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  Data: Protecting Borrowers & Advancing Equity: Systemic Solutions to Improve Federal Student Loan Servicing & Repayment
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  Data: 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
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  Data: <searchLink fieldCode="DE" term="%22Educational+Equity+%28Finance%29%22">Educational Equity (Finance)</searchLink><br /><searchLink fieldCode="DE" term="%22Student+Loan+Programs%22">Student Loan Programs</searchLink><br /><searchLink fieldCode="DE" term="%22Student+Financial+Aid%22">Student Financial Aid</searchLink><br /><searchLink fieldCode="DE" term="%22Loan+Repayment%22">Loan Repayment</searchLink><br /><searchLink fieldCode="DE" term="%22Accountability%22">Accountability</searchLink><br /><searchLink fieldCode="DE" term="%22Higher+Education%22">Higher Education</searchLink><br /><searchLink fieldCode="DE" term="%22Educational+Policy%22">Educational Policy</searchLink><br /><searchLink fieldCode="DE" term="%22Advocacy%22">Advocacy</searchLink><br /><searchLink fieldCode="DE" term="%22Income+Contingent+Loans%22">Income Contingent Loans</searchLink>
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  Data: 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.
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      – Text: English
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      – SubjectFull: Educational Equity (Finance)
        Type: general
      – SubjectFull: Student Loan Programs
        Type: general
      – SubjectFull: Student Financial Aid
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      – SubjectFull: Loan Repayment
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      – SubjectFull: Higher Education
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      – SubjectFull: Educational Policy
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      – SubjectFull: Advocacy
        Type: general
      – SubjectFull: Income Contingent Loans
        Type: general
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      – TitleFull: Protecting Borrowers & Advancing Equity: Systemic Solutions to Improve Federal Student Loan Servicing & Repayment
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