Raising the Income Exemption Level Does Not Substantially Change the Makeup of Borrowers Eligible for $0 Payments
Share of borrowers who are part of each group, by income
Note: FPL = federal poverty level. FPL shown for single-person households. The analysis is limited to undergraduate borrowers who were working six years after entry, not enrolled in higher education, and not planning to enroll. Though I cannot include them, unemployed borrowers likely make up a substantial share of those with incomes below the exemption level.
Source:Urban Institute analysis of the 2012/17 Beginning Postsecondary Students Longitudinal Study.