The New Income Based Repayment Program for Student Loans is Here!

The long awaited Income Based Repayment Program for student loans has officially begun accepting applications as of July 1st, 2009. Even if you're already making repayments under another Federal program, you're still eligible.

Best of all, under the Income Based Repayment Program (IBR), your remaining loan balance is forgiven after either 10 or 25 years, depending on your career choice.

Here are a bunch of links to get you up to speed on the Federal Income Based Repayment Program:

• What is the Income Based Repayment Program?
• The Benefits of Income Based Student Loan Repayments
• The Disadvantages of Income Based Student Loan Repayments
• Loans and Student That Qualify For the IBR
• The Income Based Repayment Formula
• Applying for Income Based Loan Repayments

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