New IBR Video -- Ditch Your Debt Gremlin

Information on Income-Based Repayment (IBR) now comes in cartoon form! Check out our first-ever video, "Ditch Your Debt Gremlin," a two-minute animated introduction to IBR. We hope you like it, and that you post it to your Facebook page, email it to everyone you know, link to it from your blog, etc to help get the word out about IBR.

Watch the video!


 

Important Student Loan Changes July 1, 2009

The first of July is an important date for people with federal student loans: it's when interest rates and other terms change each year. On July 1, 2009, in addition to Income-Based Repayment (IBR) becoming available, Pell grants are getting bigger, and the interest rates on new Subsidized Stafford loans and existing variable-rate loans are going down. You may be able to lock in rates as low as 1.88% by consolidating variable-rate loans after July 1. 

Read the press release

Learn more about the changes

 

 

(This message was sent to the IBRinfo mailing list on June 11, 2009.)


Income-Based Repayment and Pay As You Earn are two ways to help keep monthly payments affordable based on your income and family size. Visit the Department of Education’s Repayment Estimator to find out what your payments might be.
 

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