debt" debt loans "student loans" "income-based repayment" "sallie mae" college "college debt" ...
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Code of Federal Regulations, Title 31, Money and Finance: Treasury, Pt. 200-499, Revised as of July 1, 2010
(b) Book-entry Sallie Mae Security means a Sallie Mae Security issued or maintained in the ... register/ code of _Jederal regulations/ ibr locations.html . ...
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Student loan law, collections, intercepts, deferments, discharges, repayment plans, and trade school abuses
... in default will first have to get out of default in order to use the new IBR program. ... subsection: including Sallie Mae, Citi Student Loan Corp., ...
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List of C.F.R. sections affected
(b) Book-entry Sallie Mae Security means a Sallie Mae Security issued or maintained in the ... register/ code of federal regulations/ ibr locations.html. ...
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New Federal Payment Plan Limits Monthly Bill to 15 Percent of Discretionary Income
RESTON, Va., Nov. 2, 2009—As the date approaches for thousands of new college graduates to begin repaying their student loans, Sallie Mae offers a full range of repayment plans to help customers manage their higher education bill.
New for this year is income-based repayment (IBR) which enables federal student loan customers experiencing financial challenges to cap their monthly student loan payment at 15 percent of their discretionary income. IBR may be particularly helpful to new college graduates unable to find employment at a level they expected or for those who have accumulated higher-than-average federal loan balance through their undergraduate and graduate programs.
After 25 years, customers who qualify for IBR and who have not repaid their entire loan balance may be eligible for loan forgiveness, which would discharge the remaining loan balance. To find out more information about eligibility, customers can visit www.SallieMae.com/IBR and watch a video as well as download Sallie Mae’s IBR worksheet. Customers may apply online by logging in to their Sallie Mae online account and downloading a personalized application.