Old IBR vs. IBR for New Borrowers: Comparing Income-Based Repayment Plans

Michael Lux Repayment Plans, Student Loan Blog 0 Comments

Income-Based Repayment (IBR) and IBR for new borrowers are two very different federal student loan repayment plans. The two IBR plans have different monthly payments, forgiveness timelines, and eligibility requirements. I’ll explain why these two plans exist and how borrowers can determine the best option for their personal circumstances. IBR …