Beginning July 1, current and new FFELP and Direct Loan borrowers will be eligible for the new Income-Based Repayment (IBR) program. The National Council of Higher Education Loan Programs (NCHELP) has established an IBR Industry Workgroup that is presenting a series of Webinars on the new IBR program.
An free archived recording of the first IBR Webinar will be available until April 2. This Webinar covers:
What does "standard- standard," "permanent-standard" and "expedited-standard" mean?
How will the new payment plan work?
How IBR can help delinquency and default prevention efforts?
Save the Dates
NCHELP is also planning several follow-up Webinars in the near future. NCHELP will post (and NASFAA will repost) registration information in the near future. The following are the dates and times of upcoming IBR Webinars.
April 9 - 2:30 p.m. EDT An Introduction to IBR for Schools
To assist schools with general counseling, this session will include a general overview of IBR including eligible loans, key terms, determination of partial financial hardship, tracking payments and loan forgiveness
April 16 - 2:30 p.m. EDT IBR Lender/Servicer Issues
More detailed discussion on the payment terms and disclosure, determination of partial financial hardship, tracking payments toward forgiveness and claim filing
April 28 - 2:30 p.m. EDT IBR - LaRS and Interest and SAP issues
Tracking of the 36 months of paid interest, billing for interest and special allowance
Information from the IBR workgroup is available on the NCHELP Web site.
Posted 03/25/09 to www.NASFAA.org. Redistribution to non-NASFAA institutions is prohibited. Please submit Web site questions or comments to Web@NASFAA.org.
