Showing posts with label income based repayment ibr fedloan servicing pheaa metro business college. Show all posts
Showing posts with label income based repayment ibr fedloan servicing pheaa metro business college. Show all posts

Monday, 17 September 2012

IBR and Other Repayment Options (Video)

Here is a recently made video from FedLoan Servicing (PHEAA) about IBR. IBR stands for Income-Based Repayment, which has become a great and helpful option for students in repayment to help avoid default. At first IBR might seem a bit complicated, but the simplest way to explain it is basing your repayment on your income. The video will explain much more detail about this, as well as a quick overview of the other payment plans available.