diff --git a/_projects/1603_1-idr-applications-targeted-messages.md b/_projects/1603_1-idr-applications-targeted-messages.md index a21e47672..375c34504 100644 --- a/_projects/1603_1-idr-applications-targeted-messages.md +++ b/_projects/1603_1-idr-applications-targeted-messages.md @@ -1,5 +1,5 @@ --- -title: Increasing IDR Applications Among Eligible Student Loan Borrowers through Targeted Messages +title: Increasing IDR applications among eligible student loan borrowers through targeted messages permalink: /projects/idr-applications-targeted-messages/ tags: - project @@ -9,24 +9,20 @@ image_alt_text: Student graduation image-credit: https://www.flickr.com/photos/pagedooley/ abstract: /assets/abstracts/1603-1-Income-Driven Repayment-Targeted-Messages.pdf year: 2016 -type: Program Change and Evaluation +type: Impact evaluation of program change status: Complete domain: Education agency: Education -summary: Emails increase application submissions for income driven repayment plans. +summary: Emails increase application submissions for income driven repayment plans --- ## What was the challenge? - -Student loan borrowers have over $1.26 trillion dollars in outstanding Federal student loan debt. Income-driven repayment (IDR) plans can help Americans manage this debt by limiting their monthly payments to a percentage of their discretionary income and providing loan forgiveness. Despite these benefits, fewer than 24% of eligible student loan borrowers are in IDR repayment plans. +Student loan borrowers have over $1.26 trillion dollars in outstanding federal student loan debt. Income-driven repayment (IDR) plans can help Americans manage this debt by limiting their monthly payments to a percentage of their discretionary income and providing loan forgiveness. Despite these benefits, fewer than 24% of eligible student loan borrowers are in IDR repayment plans. ## What was the program change? - -OES worked with ED’s Office of Federal Student Aid (FSA) to design and test the application of proven insights in updated emails sent to a number of different borrower groups eligible for IDR plans. +We worked with ED’s Office of Federal Student Aid (FSA) to design and test the application of proven insights in updated emails sent to a number of different borrower groups eligible for IDR plans. ## How did the evaluation work? - A total of 460,000 borrowers were randomly selected to receive either one of a series of emails or no emails. ## What was the impact? - All emails sent to borrowers who had shown interest in IDR or were in financial hardship resulted in significantly more submitted IDR applications compared to the control group.