June 9, 2009

Resource Guide Available for the Income-Based Repayment Plan

Effective July 1, 2009, the income-based repayment (IBR) plan, a provision in the CCRAA, will be available for FFELP and Direct Loan borrowers experiencing a “partial financial hardship.” The National Council of Higher Education Loan Programs (NCHELP) posted a resource guide to aid in the implementation of this new repayment plan. The Income-Based Repayment (IBR) Plan Implementation Guide contains an overview of the IBR plan, including questions and answers. This document will be updated by NCHELP as new information is received.

You can also learn more about the new repayment plan by attending the IBR session at OGSLP’s Annual Conference on June 25. Register today for the conference so you won’t miss this great learning opportunity provided by a recognized industry expert! 

For more information about IBR, contact our Policy, Compliance and Training department at 405.234.4432 or pct@ogslp.org. We’re here to help!