Automatic Enrollment in IDR Could Prevent More Than Half of Early Defaults

Share of defaulted borrowers who would have been eligible for $0 monthly payments

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Note: IDR = income-driven repayment; FPL = federal poverty level. FPL shown for single-person households. For eligibility three years after entry, the analysis includes undergraduate borrowers who defaulted in 2014–15. For eligibility six years after entry, the analysis includes undergraduate borrowers who defaulted in 2016–17. The ideal year of income for this group is 2016 (five years after entry), but because income data are not available for 2016, this analysis uses 2017 income.