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INCOME BASED LOAN REPAYMENT


The US Dept. of Education has announced a new "Income-based Repayment" option for student loans. This means if you graduate and have a low income, you may be able to adjust your payments lower, depending on your income and family size. For more info go to the US DOE webpage or download a Factsheet PDF. Below is the link to the online information:

http://studentaid.ed.gov/PORTALSWebApp/students/english/IBRPlan.jsp#content

For more information and to apply for IBR you should contact the lender or lenders who hold your student loans.