TG Webinar
Income-Based Repayment
By now, many within the financial aid community have heard of Income-Based Repayment (IBR), the new student loan repayment plan that became available to FFELP and Direct Loan borrowers beginning July 1, 2009. IBR will benefit certain borrowers by minimizing monthly payments and by providing loan forgiveness in some cases. Educating borrowers about this repayment plan and its benefits, which can be done through the loan counseling process and other information dissemination efforts, will prove to be the key to realizing IBR's full potential. This session provides a high-level introduction to the IBR plan, including how borrowers qualify for IBR, the forgiveness component of IBR, the benefits IBR provides to the borrower and the school, and ideas for educating borrowers about IBR.
