This week, the Federal Education Budget Project, Ed Money Watch's parent initiative, released a report that shows how the Obama Administration's proposed changes to Income-Based Repayment (a federal student loan repayment plan designed to help struggling borrowers) will offer the biggest increase in benefits to high-debt graduates -- even once their incomes rise to six figures. Director of the Federal Education Budget Project and co-author of the report Jason Delisle sat down with Yahoo! Finance's Aaron Task this week to explain the key points of the paper, and to review how the Administration can fix the program before the pending changes even take effect. The video is embedded below.
The full report, Safety Net or Windfall?: Examining Changes to Income-Based Repayment for Federal Student Loans, is available here, and the calculator we designed and used to test the program is also available to download (for more about the calculator click here).