Senators call for probe into student loan program after NPR unearthed major problems

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Lawmakers are calling for an investigation two weeks after an NPR report found a student loan program designed to help low-income borrowers wasn't living up to its promise.

Sen. Sherrod Brown of Ohio is one of three lawmakers calling for changes after an NPR investigation found mismanagement of income-driven repayment plans for student loans.

"A recent NPR investigative report found the IDR program is riddled with problems and mismanagement, even worse than the public previously understood, resulting in millions of borrowers becoming unable to obtain debt cancellation," a group of Democratic lawmakersSen. Sherrod Brown of Ohio, Sen. Elizabeth Warren of Massachusetts and Sen.

Under IDR, a monthly payment of $0 for a borrower earning less than 150% of the federal poverty line should still count toward loan cancellation. But NPR obtained a previously unreleased 2016 review of servicers, conducted by the Education Department's office of Federal Student Aid, in which officials warned these $0 IDR payments"are not adequately tracked."by the Center for American Progress .

 

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