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

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

Student Loan Repayment Relief Is On The Way

by Direct student loan repayment @ 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 . 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