Reforming Income-Based Loan Programs

October 22, 2013

The costs of higher education present students with a major hurdle to enrolling and completing a college degree. Many think it's time to fundamentally rethink the approach to student financial aid. With funding from the Lumina Foundation, Nicholas Hillman (ELPA) is evaluating and comparing income-based loan (IBL) reform efforts domestically and abroad. He engages stakeholders in discussion about design and implementation for a range of policy instruments. His research will produce a comprehensive comparison and evaluation of existing and proposed IBL models; a set of recommendations about passive repayment models, incorporating implementation concerns and stakeholder perspectives; and an evaluation framework for an evidence-based approach to analyzing IBL policies. More information is available here.