by jimharrisblog

Federal Student Aid  (FSA) recently announced the availability of an Electronic Income-Based Repayment (IBR) Application on the StudentLoans.gov Website.  Through interfaces with the National Student Loan Data System (NSLDS) and the Internal Revenue Service (IRS), the Electronic IBR Application streamlines the application process for the majority of borrowers who choose to repay their eligible William D. Ford Federal Direct Loan (Direct Loan) Program and/or Federal Family Education Loan (FFEL) Program loans under the IBR Plan.  Borrowers will use the application to initially apply to repay under the IBR Plan and to subsequently meet the plan’s annual income documentation requirement.

FSA has provided a high level summary of the Electronic IBR Application and details the following information:

• Electronic IBR Application Submission Criteria
• Electronic IBR Application Process
• Additional Actions Needed by Certain Borrowers
• Accessing Submitted Electronic IBR Applications
• Contact Information for Borrower

The complete article can be found here:  Electronic Income-Based Repayment Application in PDF Format, 94KB, 5 Pages