Income Based Repayment Plan: Is It Right for You? Sat, 06/13/2009 - 18:00 | by jvholloman Starting July 1st, the Income Based Repayment Plan (IBR) will be rolled out. The IBR is a part of The C

What is this new program? Income-Based Repayment Income-Based Repayment (IBR) is a new payment option for federal student loans. It can help borrowers keep their loan payments affordable with pa

Pros and Cons of IBR Pros: Lower payments Interest Payment Benefit (If your IBR payment is less than the monthly interest that accrues on the loan, the government will pay your unpaid interest

Which Loans Qualify for IBR? The following loans qualify for the IBR repayment plan: • Subsidized and unsubsidized Stafford Loans (either Direct or FFELP) • Grad PLUS loans (but not Parent