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Congressional Debt Negotiations and IBR

Posted 30 July 2011 02:58 PM

texasgrad Jr. Member
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Hello Heather,

I will be graduating this December (‘11) with a large amount of Stafford loan debt. I have researched the IBR plan and it makes the best sense for me. Is there any pending legislation that would eliminate the IBR option? What is the likelihood of passage?
I’m concerned - thanks!

Posted 31 July 2011 05:06 PM #1

Heather Administrator
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There is no pending legislation that would affect IBR that I’m aware of.  The policy initiatives that are on the table would eliminate the interest subsidy for graduate stafford loan borrowers, and potentially also for undergrads.  The pell grant program’s funding is shaky, and the administration is working to shore it up.  Neither IBR nor PSLF are in jeopardy.

     

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