Federal Updates

New offerings in the IBR webinar series

With July 1, 2009, fast approaching, we know everyone is interested in making sure they understand the new Income-Based Repayment (IBR) option. Please plan to join industry experts for an IBR webinar series offered by the National Council of Higher Education Loan Programs (NCHELP) to get ready for implementation of this new repayment option for borrowers. To prepare schools to answer IBR-related questions and to help lenders as they offer IBR to borrowers, we encourage affected parties to attend one or more of the webinar sessions described below.

• An Introduction to IBR for Schools (April 9, 1:30 p.m. - 3 p.m., CDT): To assist schools with general counseling, this session will include a general overview of IBR, including eligible loans, key terms, determination of partial financial hardship, tracking payments, and loan forgiveness.
• IBR Lender/Servicer Issues (April 16, 1:30 - 3:30 pm, CDT): This webinar will feature more detailed discussion on the payment terms and disclosure, determination of partial financial hardship, tracking payments toward forgiveness, and claim filing.
• IBR — LaRS and Interest and SAP issues (April 28, 1:30 p.m. - 3:30 p.m., CDT): This session will discuss tracking of the 36 months of paid interest, billing for interest, and special allowance.

More information
Please mark your calendars with these dates and times, and watch Shoptalk Online for registration details in the near future.

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