A Borrower’s Guide to July 1, 2009
Income-Based Repayment became available for the first time on July 1, 2009. At least a million federal student loan borrowers will be able to lower their monthly loan payments through this program, providing much-needed financial relief. Contact your lender directly to apply. There is also good news for students still in college, including more money for Pell Grants and lower interest rates for some student loans.
