Income-Based Repayment for Student Loans by Direct student loan account

Sat, 04 Jul 2009 06:02:35 +0300

Income-Based Repayment for Student Loans

by Direct student loan account @ Sat, 04 Jul 2009 06:02:35 +0300
The Federal Student Aid site has put together a great page on their new Income-Based Repayment Plan . Income-Based Repayment (IBR), is just what it sounds like–a repayment plan for federal student loans that caps your minimum based on your income. Which Loans are Eligible for Income-Based Repayment? According to the site: Any Stafford, Grad PLUS or Consolidation loan made under either the Direct Loan or FFEL program is eligible for repayment under IBR, EXCEPT loans that are currently