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3 Things Students Can Learn from Nelnet’s IDR Page

March 27, 2019
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As a financial aid administrator, you know the benefits that Income-Driven Repayment (IDR) can offer. But, for students in the midst of preparing for finals and young professionals still attempting to figure out the fastest route to work, IDR may as well stand for “I don’t remember.”

That’s where we come in. To make sure student borrowers have all the information they need to understand IDR, we offer an IDR page on our website. Student borrowers can review this information to read up on the ins and out of the various plans and gain a better understanding of whether they would benefit from an IDR plan. We recently updated the contents of this page, and further additions will be coming soon.

What can student borrowers learn at our IDR page? Here are three quick items:

  1. What information is needed to apply for IDR?
    • Few things are more frustrating than beginning an online application only to discover that you don’t have all the information you will need to fill it out. We lay out everything needed so that no laptops are thrown in frustration.
  2. What is recertification?
    • You’re enrolled in an IDR plan, but now you have to recertify your information. What? Why? We lay it all out and offer a link to FSA’s recertification page.
  3. How do the four IDR plans differ?
    • So many acronyms, so little time. Our IDR page offers detailed explanations of each of the four IDR plans, including what monthly payment amounts are based on, when remaining balances are eligible for forgiveness, and eligibility requirements.

IDR is a great option for student borrowers in need of payment relief. If your students have questions about IDR, please feel free to direct them to our IDR page.

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