Help is here!


Income-Based Repayment (IBR) is a new way to make your federal student loan payments more manageable.  And if you're a teacher or work in government or at a nonprofit (501(c)(3)) organization, you might qualify for a new type of public service loan forgiveness after 10 years of eligible payments and employment.

 

 

IBR News and Events

Obama Proposes IBR Improvements
President Obama's FY 2010-11 budget will include a provision to improve IBR, making student loan repayment more affordable for people who are struggling. The proposal would expand the number of people who are eligible for the program, and make it even more helpful for those who already qualify. Stay tuned for more details and opportunities to take action and help make this a reality.

For more information, see our statement about the new proposal.

Applications now available
To apply for Income-Based Repayment, contact your lender. If you do not know who is servicing your federal loan, check the National Student Loan Data System database.
 
Take Action for Real Loan Forgiveness
A bipartisan bill in the U.S. House of Representatives, H.R. 2492, would prevent the taxation of debt forgiven through IBR. Loan forgiveness is supposed to wipe the slate clean for responsible borrowers, not create a new financial obligation. Please take a moment to write to your representative and urge him or her to ensure there's really a light at the end of the tunnel for responsible borrowers.
 
 

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