Income Based Repayment and Public Service Loan Forgiveness Programs
Starting July 1, 2009 a new repayment option is available that makes monthly payments more affordable for Americans with heavy federal student loan burdens. The new Income-Based Repayment (IBR) plan protects borrowers by linking payments to income and family size. A related new program offers additional benefits to those working in public service jobs.
Federal Resources
- Interactive Press Release and videos from the U.S. Department of Education
- Public Service Loan Forgiveness Program Web Page
- Fact Sheet
- Public Service Loan Forgiveness Info from Equal Justice Works
- July 2009 Presentation from the Department of Education - Public Service Loan Forgiveness and IncomeBased Repayment Programs
IBRinfo was created by the nonprofit, nonpartisan Project on Student Debt to help student loan borrowers learn about two new federal loan programs: Income-Based Repayment (IBR) and Public Service Loan Forgiveness.
The mission of Equal Justice Works is to create a just society by mobilizing the next generation of lawyers committed to equal justice. Their website contains links to a webinar series and podcasts on these programs
Other Webinars and Fact Sheets
- Frequently Asked Questions about the Public Service Loan Forgiveness Program from the National Association of Student Financial Aid Administrators("NASFAA")
- Intro to the Income Based Repayment Program - 2/20/2009 webinar
- Follow-up answers to questions raised during the webinar
- Intro for Schools to Income Based Repayment Program - 4/09/2009 webinar
In the News
Return to:
- Locate / Repay Your Federal Student Loan
- Loan Repayment Options - Undergraduate Students
- Loan Repament Options - Graduate and Professional Students
- Resources for Borrowers Having Difficulty Repaying their loans
Updated October 8, 2009