IBRinfo

Thanks to Audrey May (LINC) for bringing this site to my attention:

www.ibrinfo.org

Two new programs have been created by the federal government to assist students with outstanding student loan debt.  The Income-Based Repayment Program will begin in July of 2009 and can institute payment caps based on income and family size for eligible borrowers.  The Public Service Loan Forgiveness Program allows employees of eligible organizations (including libraries!) to have their federal loans forgiven after 10 years of service and qualifying payments.

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One response to “IBRinfo”

  1. Karen Watson says :

    Thank you for helping us to understand these changes. Our daughter’s loans are in Maine, and she is starting a job teaching school in Maine in the fall. Are there any provisions for forgiveness of part of the loans for serving in the public sector?

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