Student Loan Relief Programs: Implications for Borrowers and the Federal Government

January 10, 2017
By Kelly D. Edmiston, Senior Economist and Wenhua Di


Research Working PaperMounting student debt remains a problem nationally, but federal repayment relief programs have a cost too.

As college costs increase and more students borrow to fund their education, debt load and delinquency rates have become significant problems. Student loan obligations are challenging to manage for new graduates with lower earnings and for borrowers in financial hardship. This paper discusses the various federal student loan repayment relief programs that are available and their borrower and fiscal impacts. The implications for borrowers' costs and the federal budget vary significantly by loan amount, income level, and relief program.

Download paper, RWP 17-02, January 2017 

JEL Classification: I22, I28, H81

Article Citation

  • Di, Wenhua, and Kelly D. Edmiston. 2017. "Student Loan Relief Programs: Implications for Borrowers and the Federal Government." Federal Reserve Bank of Kansas City, Research Working Paper 17-02, January. Available at https://doi.org/10.18651/RWP2017-02

Related Research