Updates

As new information becomes available, we send email updates to our subscribers and post them here. The rest of the text on the site is kept as up-to-date as possible.

Email Updates

 

So Far, So Good
April 17, 2008

 

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Will I qualify
for IBR?

Where do you live?


What is your family size? *


What is your income? *


IBR would cap your monthly payments at:


If the standard (flat 10-year) payment amount on your current balance of loans would be more than the amount
above, you would likely be eligible to enter IBR.

* Important note: if your family size includes a spouse, your income
should include your spouse's
income.

How to switch to the Direct Loan program

If your federal loans are in the Guaranteed (FFEL) program – where your lender is a private entity like Sallie Mae or Citibank – and you have not yet consolidated them into one single loan, you can consolidate into the Direct Loan program now to qualify for Public Service Loan Forgiveness.

If you have already consolidated your loans in the FFEL program, you may re-consolidate into the Direct Loan program starting in July 2008 to take advantage of this new benefit. We will update registered users about this reconsolidation process as soon as we have more information.
IBRinfo is a service of the Project on Student Debt