Student Loan Borrowers to Benefit from Streamlined Enrollment in Income-Based Repayment (IBR)
The steps announced by the White House on June 6, 2012, will make it much easier for millions of struggling federal student loan borrowers to keep their payments manageable by enrolling in the Income-Based Repayment (IBR) plan. According to a White House fact sheet, the Presidential Memorandum will direct the Education Department and Internal Revenue Service (IRS) to, by the end of September, enable borrowers to transfer their IRS income data directly into the IBR application and submit it online.
