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Diane Publishing Books
Student Loans: Oversight of Servicemembersäó» Interest Rate Cap Could Be Strengthened
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Mellissa Emrey-Arras (au)
The Servicemembers Civil Relief Act (SCRA) helps servicemembers financially by capping interest rates on student loans during active duty. As of May 2016, about 1.3 million servicemembers were on active duty. The number of active duty servicemembers with student loans is unknown, as is the number eligible for the rate cap who may not have received it. This report examines (1) the number of servicemembers who received the cap for student loans; (2) challenges that servicemembers face in doing so; and (3) the extent to which federal agencies oversee implementation of the cap. Tables and figures. This is a print on demand report.
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