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New Electronic Application for Graduates planning to take advantage of Income Based Repayment (IBR)

Posted date: 10/1/2012

The Department of Education is pleased to announce an Electronic Income-Based Repayment (IBR) Application now available on the website.  For borrowers who choose to repay their eligible Federal Direct Loans and/or their Federal Family Education Loan (FFEL) Program loans with the IBR Plan, the new electronic application will streamline the current process for the majority of borrowers by interfacing with the National Student Loan Data System (NSLDS) and the Internal Revenue Service (IRS).
Ultimately the Department of Education’s goal is to allow all borrowers who are potentially eligible to repay their Federal Education loans under the IBR Plan to complete and submit and Electronic IBR Application.   However, at this time, is not available to all borrowers.  If a borrower believes he or she is eligible, the Department of Education is encouraging the borrower to contact their servicer for eligibility guidelines. 

Borrowers can be directed to the Electronic IBR Application by the borrower’s servicer or navigate to the application independently on  Once there, the borrower will be presented with a brief overview of the four-step process before the application begins.  The application must be completed in a single session.

Further information can be found by contacting your Department of Education Servicer or by visiting the website.