Press Release/Statement | June 11, 2009

New Income-Based Repayment of Federal Student Loans Starts July 1

A major new student loan repayment option, Income-Based Repayment, will become available for the first time on July 1, providing much-needed financial relief for hundreds of thousands of federal student loan borrowers. There is also good news for students still in college, including more money for Pell Grants and lower interest rates for some student loans.

Read the press release