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
Applications now available
To apply for Income-Based Repayment, contact your lender directly. If you have Direct Loans from the U.S. Department of Education, start here. If you do not know who is servicing your loan, check the National Student Loan Data System database.
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.
