New Bill Would Use IRS Data To Automatically Put Struggling Student Loan Borrowers Into Low Payments

Key Points

• The SIMPLE Act (H.R. 10220) would require the Department of Education to notify federal borrowers who are 31 days delinquent and automatically move them into the lowest-payment income-driven repayment plan at 75 days if they haven’t chosen one.
• The bill lets the IRS share tax return data with the Department of Education ...