Income-Based Repayment (IBR)
This plan is designed to help borrowers with high debt relative to their income.
- Offers more affordable payments based on income and family size.
- Payment could be as low as $0 per month.
- The government will pay accrued interest on Subsidized loans for up to a 3-yr period, regardless of the amount the borrower pays.
- Forgives any remaining debt after 25 years of repayment.
For more information, including eligibility requirements, visit IBRinfo.