The College Cost Reduction and Access Act of 2007 officially goes into effect today, July 1st, and income-based repayment (IBR) applications are now available from many major lenders, including the U.S. Department of Education.
According to IBRinfo.org, you should contact your lender directly to apply for IBR.
- Check out forms and requirements for Direct Loans through the U.S. Department of Education
- To look up information about your loans including whose servicing your current loan, check out the U.S. Department of Education’s National Student Loan Data System, the government’s central database for student aid.
- For other loans, check directly with your lender.
Also, take a look at the resources mentioned in this post as well as IBRInfo.org’s FAQ.
According to IBRInfo.org, if you have exhausted other avenues and still face “serious problems” applying for IBR, Continue reading