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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

Take Our IBR Survey, Win a Prize!
It’s been more than six months since IBR became available, and we want to know how it’s working for people so far. Your feedback about the application process, your lender’s handling of IBR, and other issues will help us improve IBRinfo.org and keep working to make IBR and Public Service Loan Forgiveness as useful and accessible as possible.

Take the survey

New Official FAQs
The U.S. Department of Education recently posted in-depth Q&As on both Income-Based Repayment and Public Service Loan Forgiveness to their website. While some of the topics are also covered in our FAQ, we highly recommend that you read the Department’s as well if you have any questions about IBR or PSLF. We strongly encouraged the Department to provide this important information, and we’re very pleased that clear and thorough official answers to common questions are now available.

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.

March PSLF Webinar
Equal Justice Works
, an IBRinfo partner, has added a new webinar to their Student Debt Relief series. Getting Your Student Loans Forgiven: How Government and Nonprofit Employees Can Earn Public Service Loan Forgiveness is a must attend for anyone working in public service who is interested in federal loan forgiveness.

Sign up for the March 9, 12-1:30 p.m. EST webinar

Apply for IBR
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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