A proposal by Sue Dynarski and Education Policy Initiative postdoctoral research fellow Daniel Kreisman for a single loan repayment system was highlighted in the Wall Street Journal article "How to Overhaul the Student-Loan System." Under the Dynarski and Kreisman plan, each borrower's monthly payments would be set as a percentage of income.
In the article, Dynarski notes that borrowers are defaulting not because their debts are exceeding the value of their college education but that "we have a repayment crisis because student loans are due when borrowers have the least capacity to pay."
Dynarski and Kreisman first presented the proposal in a paper commissioned by the Hamilton Project titled "Loans for Educational Opportunity: Making Borrowing Work for Today's Students."