Optimizing Financial Education Utilization


Who Uses Income-Driven Student Loan Repayment

Document Type

Issue/Research Brief/Blog

Publication Date



higher education students, financial status and behavior, economic barriers, financial education, loan repayment


A recent report from the US Department of Education’s Office of Inspector General indicates that enrollment in income-driven repayment (IDR) plans, which allow borrowers to repay student loans based on how much they earn, has increased substantially over the past five years. $51.5 billion of the student loan debt from the 2014–15 cohort of borrowers is being repaid through an IDR plan, compared with $7.1 billion from the 2010–11 cohort of borrowers. As more borrowers enroll in IDR, it is important to understand the demographics of those who use this program.