Student Loan Repayment Relief Is On The Way by Direct student loan interest

Sat, 04 Jul 2009 06:00:03 +0300

Student Loan Repayment Relief Is On The Way

by Direct student loan interest @ Sat, 04 Jul 2009 06:00:03 +0300
Repaying a student loan could soon be a little less painful. Starting this week, anyone with a federal student loan can apply for a program, run by the Department of Education, that caps monthly payments based on income, and forgives remaining balances after 25 years. Those choosing to work in public service could have their loans forgiven after just 10 years. Eligibility for income-based repayment (IBR) is determined by a person’s income and loan size. A calculator at http://www.ibrinfo.org