Tools to educate borrowers about Income-Based Repayment (IBR)

The current economy and job market have many borrowers turning to the Income-Based Repayment (IBR) plan to help them manage repayment on both FFELP and DL loans. The Nelnet Partner Solution team often receives questions from our school partners regarding IBR. While IBR is becoming better known, many are still unaware of the finer details of the plan. 

We have gathered resources and developed training to assist schools in understanding the features of IBR. The IBR Fact Sheet provided by the Department of Education can be found by clicking on the Library tab at www.nelnetloanservicing.com. Mark your calendars; we will also host a training webinar regarding IBR in November.  We will discuss the features of this plan, how it compares to other options, and the approaches taken in counseling borrowers.  

Your students can access calculators and repayment plan information on www.nelnet.com and through our mobile apps featured at www.nelnetmobile.com.

Contact your Nelnet Regional Director to answer any questions you have regarding these resources and about our approach to counseling borrowers on IBR.

Lou Murray, Southwest Regional Director, Nelnet Partner Solutions