BO14. One-Time Income Driven Repayment (IDR) Account Adjustment and Fresh Start Initiatives

Description

In this session, we will discuss the details of two exciting initiatives at Federal Student Aid: One-Time Income Driven Repayment (IDR) Account Adjustment and Fresh Start. The one-time IDR account adjustment will include a discussion of how FSA is conducting a onetime revision of every borrower’s IDR payment counter, permanently fixing IDR payment counting going forward and processing expedited loan forgiveness for impacted borrowers. We will also explore the impact of Fresh Start to both defaulted borrowers and to the Title IV community. Presenter(s): Bruce Honer

Recording