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Student Loan Repayment, 2009 to 2019

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Title: Student Loan Repayment, 2009 to 2019
Language: English
Authors: Nabeel Alsalam, Elizabeth Ash, Brooks Pierce, Congressional Budget Office
Source: Congressional Budget Office. 2024.
Availability: Congressional Budget Office. Ford House Office Building 4th Floor, Second and D Streets SW, Washington, DC 20515-6925. Tel: 202-226-2809; e-mail: publications@cbo.gov; Web site: http://www.cbo.gov
Peer Reviewed: N
Page Count: 55
Publication Date: 2024
Intended Audience: Policymakers
Document Type: Reports - Research
Numerical/Quantitative Data
Education Level: Higher Education
Postsecondary Education
Descriptors: Student Financial Aid, Loan Repayment, Budgets, Federal Programs, Federal Aid, Educational Quality, Undergraduate Students, Graduate Students, Pandemics, COVID-19, Public Policy, Loan Default, Trend Analysis, Student Characteristics
Abstract: Recent changes to the federal student loan program will affect student loan borrowing, repayment, and debt. Payments on student loans, which were suspended during the coronavirus pandemic, restarted in October 2023. A new repayment plan introduced in August 2023 will significantly reduce interest accrual and payments for certain borrowers. Lawmakers have expressed interest in changing federal measures of student loan repayment that are used to hold institutions accountable for the quality of education they provide. Understanding patterns of student loan repayment before payments were suspended during the pandemic can shed light on how those recent and proposed changes to the federal student loan program might affect students, educational institutions, and the federal budget. In this report, the Congressional Budget Office identified a representative sample of federal student loans taken out under the Federal Family Education Loan Program and the William D. Ford Federal Direct Loan Program by undergraduate and graduate students whose repayment periods began between July 2009 and June 2013. This analysis was based primarily on an extract of data from the Department of Education's National Student Loan Data System (NSLDS) and examined several measures including: (1) loan repayment; (2) loan default; (3) differences among repayment plans; (4) differences among borrowers; (5) differences among institutions and academic programs; and (6) short-run versus long-run outcomes.
Abstractor: ERIC
Entry Date: 2025
Accession Number: ED671190
Database: ERIC
FullText Text:
  Availability: 0
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  Data: Student Loan Repayment, 2009 to 2019
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  Data: English
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  Data: <searchLink fieldCode="AR" term="%22Nabeel+Alsalam%22">Nabeel Alsalam</searchLink><br /><searchLink fieldCode="AR" term="%22Elizabeth+Ash%22">Elizabeth Ash</searchLink><br /><searchLink fieldCode="AR" term="%22Brooks+Pierce%22">Brooks Pierce</searchLink><br /><searchLink fieldCode="AR" term="%22Congressional+Budget+Office%22">Congressional Budget Office</searchLink>
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  Data: <searchLink fieldCode="SO" term="%22Congressional+Budget+Office%22"><i>Congressional Budget Office</i></searchLink>. 2024.
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  Data: Congressional Budget Office. Ford House Office Building 4th Floor, Second and D Streets SW, Washington, DC 20515-6925. Tel: 202-226-2809; e-mail: publications@cbo.gov; Web site: http://www.cbo.gov
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  Data: N
– Name: Pages
  Label: Page Count
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  Data: 55
– Name: DatePubCY
  Label: Publication Date
  Group: Date
  Data: 2024
– Name: Audience
  Label: Intended Audience
  Group: Audnce
  Data: Policymakers
– Name: TypeDocument
  Label: Document Type
  Group: TypDoc
  Data: Reports - Research<br />Numerical/Quantitative Data
– Name: Audience
  Label: Education Level
  Group: Audnce
  Data: <searchLink fieldCode="EL" term="%22Higher+Education%22">Higher Education</searchLink><br /><searchLink fieldCode="EL" term="%22Postsecondary+Education%22">Postsecondary Education</searchLink>
– Name: Subject
  Label: Descriptors
  Group: Su
  Data: <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="%22Budgets%22">Budgets</searchLink><br /><searchLink fieldCode="DE" term="%22Federal+Programs%22">Federal Programs</searchLink><br /><searchLink fieldCode="DE" term="%22Federal+Aid%22">Federal Aid</searchLink><br /><searchLink fieldCode="DE" term="%22Educational+Quality%22">Educational Quality</searchLink><br /><searchLink fieldCode="DE" term="%22Undergraduate+Students%22">Undergraduate Students</searchLink><br /><searchLink fieldCode="DE" term="%22Graduate+Students%22">Graduate Students</searchLink><br /><searchLink fieldCode="DE" term="%22Pandemics%22">Pandemics</searchLink><br /><searchLink fieldCode="DE" term="%22COVID-19%22">COVID-19</searchLink><br /><searchLink fieldCode="DE" term="%22Public+Policy%22">Public Policy</searchLink><br /><searchLink fieldCode="DE" term="%22Loan+Default%22">Loan Default</searchLink><br /><searchLink fieldCode="DE" term="%22Trend+Analysis%22">Trend Analysis</searchLink><br /><searchLink fieldCode="DE" term="%22Student+Characteristics%22">Student Characteristics</searchLink>
– Name: Abstract
  Label: Abstract
  Group: Ab
  Data: Recent changes to the federal student loan program will affect student loan borrowing, repayment, and debt. Payments on student loans, which were suspended during the coronavirus pandemic, restarted in October 2023. A new repayment plan introduced in August 2023 will significantly reduce interest accrual and payments for certain borrowers. Lawmakers have expressed interest in changing federal measures of student loan repayment that are used to hold institutions accountable for the quality of education they provide. Understanding patterns of student loan repayment before payments were suspended during the pandemic can shed light on how those recent and proposed changes to the federal student loan program might affect students, educational institutions, and the federal budget. In this report, the Congressional Budget Office identified a representative sample of federal student loans taken out under the Federal Family Education Loan Program and the William D. Ford Federal Direct Loan Program by undergraduate and graduate students whose repayment periods began between July 2009 and June 2013. This analysis was based primarily on an extract of data from the Department of Education's National Student Loan Data System (NSLDS) and examined several measures including: (1) loan repayment; (2) loan default; (3) differences among repayment plans; (4) differences among borrowers; (5) differences among institutions and academic programs; and (6) short-run versus long-run outcomes.
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  Data: ERIC
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  Data: 2025
– Name: AN
  Label: Accession Number
  Group: ID
  Data: ED671190
PLink https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=eric&AN=ED671190
RecordInfo BibRecord:
  BibEntity:
    Languages:
      – Text: English
    PhysicalDescription:
      Pagination:
        PageCount: 55
    Subjects:
      – SubjectFull: Student Financial Aid
        Type: general
      – SubjectFull: Loan Repayment
        Type: general
      – SubjectFull: Budgets
        Type: general
      – SubjectFull: Federal Programs
        Type: general
      – SubjectFull: Federal Aid
        Type: general
      – SubjectFull: Educational Quality
        Type: general
      – SubjectFull: Undergraduate Students
        Type: general
      – SubjectFull: Graduate Students
        Type: general
      – SubjectFull: Pandemics
        Type: general
      – SubjectFull: COVID-19
        Type: general
      – SubjectFull: Public Policy
        Type: general
      – SubjectFull: Loan Default
        Type: general
      – SubjectFull: Trend Analysis
        Type: general
      – SubjectFull: Student Characteristics
        Type: general
    Titles:
      – TitleFull: Student Loan Repayment, 2009 to 2019
        Type: main
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            NameFull: Congressional Budget Office
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            NameFull: Nabeel Alsalam
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            NameFull: Elizabeth Ash
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            NameFull: Brooks Pierce
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          Dates:
            – D: 01
              M: 09
              Type: published
              Y: 2024
          Titles:
            – TitleFull: Congressional Budget Office
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