Financial Literacy: federal student loan borrowers repayment options

The Department’s Office of Federal Student Aid (FSA) announced an outreach campaign to groups of federal student loan borrowers to ensure they know and understand all their repayment options.  The new outreach augments the day-to-day communications provided by borrowers’ student loan servicers. FSA’s campaign is aimed at reducing borrower delinquency and default and improving awareness of income-driven repayment plans, which allow borrowers to repay their student loans on a sliding scale that adjusts their payments based on their income and family size.
·         A FSA blog post identifies “Four Things You Need to Know About Repaying Your Student Loans.”
·         A FSA blog post addresses “Which Student Loan Repayment Plan Should You Choose?”