It don’t seem right. So much money borrowed for college, so few jobs waiting to be filled. And, for the lucky few that have graduated with a job to go to, aren’t earning the sexy starting salary they thought they would. If you’re now having, or think you will have difficulty paying student loans back, Income-Based Repayment (IBR), can help. Payments are recalculated and become more manageable because payments are based on your income and family size. The program is designed for those who will face difficulty repaying student loans back in a standard 10 year repayment plan. Loan payments can be as low as 10 percent of one’s income, and zero for those who earn below the 150% poverty level for your family size. There is also the Public Service Loan Forgiveness program, for those who are public school and college teachers, work for non-profits and work for the federal, state and local governments. This program forgives any remainder debt for 10 years of service.

For more information on each of these programs, and to see if you qualify for assistance, visit IBRinfo.org.

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