Income-Based Repayment is a new way to lower your federal student loan payments starting July 1, 2009. It caps monthly payments and forgives remaining debt and interest after 25 years. And if you'...
Income-Based Repayment is a new way to lower your federal student loan payments starting July 1, 2009. It caps monthly payments and forgives remaining debt and interest after 25 years. And if you're a teacher or work in government, nonprofit, or other public service jobs, you could have your federal loans forgiven after just 10 years. This animated video explains the programs and tells you where to go for more information: http://www.IBRinfo.org.
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Salle Mae is calling me nonstop... I applied for a loan and a private one as well, but I didn't get to finish my degree... I didn't have enough to take another course and the lender won't allow me to borrow anymore... Don't understand this capitalism bullshit...
I struggle to stay alive in this economy, I have a huge house payment 1643/month no job, can't get a response from unemployment, living on credit right now, I have 81.8k in outstanding fed student loan. I am a BSEE from University of Colorado. Without this restructuring I will file Bankruptcy. The only hope is to go back to school and acquire even more debt. Hows that for opportunity cost you economists out there?
I graduated in 2004 with $46,000 in debt from my undergraduate degree... I currently work 50+ hours a week for 9.50 per hour... At least I am paid by the hour... If I took the salary they offered me, I would only be earning about 9.00 per hour... Never Mind the TAXES they take out of my paycheck.... Today, in 2009... Companies are filled with college graduates who work for NOTHING with ZERO benefits for 50+ hours per week and they all OWE $40,000+ for student loans...
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COLLEGE IS A SCAM!!!!!