Income Based Loan Repayments
September 15, 2011 by Marcy Einhorn, Esq.
Today’s NYTimes reports on new federal statistics about student debt and a little-known program to help students repay their loans when they fall on hard times after graduation. This program is known as Income-Based Repayment, and you can find information about how it works here: http://www.ibrinfo.org/how.vp.html
There’s been a spike in student loan defaults that’s attributable not only to the bad economy, but to the for-profit college industry, which is growing at a fast...
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