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Board index Why Chase Bank Sucks... Useful resources for our members Student Loan HELP on the horizon?

Student Loan HELP on the horizon?

Do you have something to share with others that might help?

Post Fri Jun 19, 2009 6:33 am

Posts: 92
If you're underpaid and overburdened by federal student loans, you're in for some relief.

A new loan repayment plan kicks in next month that can significantly reduce your monthly payment - in some cases drop it to zero - and will forgive any lingering debt after 25 years.

"People need this more than ever. It's making its debut at the right time," says Edie Irons, a spokeswoman with the Project on Student Debt.

The new Income Based Repayment Plan is just one of the borrower-friendly provisions taking effect next month in the federal loan program. Variable interest rates on older student loans will be falling to record lows. Fixed rates on certain new undergraduate loans are due to drop. And Pell Grants awarded to the neediest students are going up. [Read the rest of the story HERE

THAT link has been obfuscated by the government [or the banking industry :?: ]

Fortunately, you can still go here: http://www.finaid.org/loans/ibr.phtml to find out about IBR's [Income-Based Repayment} for financial aid, which became law on July 21, 2009
Last edited by EminemsRevenge on Sun Sep 20, 2009 5:39 pm, edited 1 time in total.

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Post Tue Sep 22, 2009 9:37 pm

Posts: 92
As i showed above...they are trying to hide this info like crazy, so lawd knows how long the above link will work...posted all that up here http://tinyurl.com/n35y5q though...hardcopy it because there's no telling when the banking industry gestapo will erase THAT too :evil:


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