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Memo to negotiators regarding IDR annual process

At our first negotiated rulemaking session, Federal negotiators solicited feedback from committee members with student loans who have experienced the process of renewing under an income-driven (IDR) plan firsthand. Several of us around the table described our experiences with confusing messages and complex timelines that made it difficult to ensure a smooth, on-time renewal process without any disruptions to our monthly payment schedules.

For the full memo, click here.