IBR is a great plan for those of us who can't afford the full payment of our student loan, but unfortunate it is flawed because the interest payments are higher than my monthly payment and by the time you get to a place to pay for you loan it is triple the amount you started with in interest. There has to be a way to lower interest on students in IBR. If not there is no hope to get off it and make regular payments. That being said ,student loans are forever and by adding to the amount makes it a heavier burden and weight to carry.
This is historical material “frozen in time”. The website is no longer updated and links to external websites and some internal pages may not work.
