Have You Thought About How You Will Finance That Degree?

There is always a need for business degrees in this world. Although many people may have similar degrees, depending on what you specialize in, they can be quite varied as well. Assuming you have a High School Diploma, higher education should not be that daunting. I guess the biggest decision you have is deciding where [...]

Income-Based Repayment Plan Helps Graduates With Student Loans

33040578_94b8014724The Income-Based Repayment Plan, or IBR, is a new way to make your student loans more manageable. It became available July 1, 2009. It applies to the major types of federal student loans available.

What is Income Based Repayment? IBR is a plan that determines your monthly student loan payment based on your income and family size. For lower income households, this could involve a payment that is considerably lower than your initial student loan’s assessed payment amount. This was prompted by the recession.