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NEW: Instructions for Applying for Income-Driven Repayment

June 10, 2014

Every borrower’s situation is unique, and in some of those situations, a standard federal student loan repayment plan isn’t the best option. Income-driven repayment plans can help borrowers lower their payments based on income, family size, and student loan balance. They can also help prevent delinquency and default.

To make it as simple as possible for borrowers to utilize one of these plans, we have put together a step-by-step instructional guide to applying for income-driven repayment plans on Federal Student Aid’s website. Click here or visit our library to download the guide.

 

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We also have available a guide to income-driven repayment plans. Help your borrowers decide whether Income-Contingent Repayment, Income-Based Repayment, or Pay As You Earn is right for them with this resource, which includes both key facts and payment examples for each plan.

If you have more questions about income-driven repayment, please contact your Regional Director.

 

Kristin Tobias, Communications Coordinator, Nelnet

Kristin Tobias, Communications Coordinator, Nelnet

 

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