Hello,

Let’s say that I have X amount of undergrad loans currently in the IBR program. I’m attending grad school, and will graduate with Stafford and Grad Plus debt. Are those grad school loans automatically entered into IBR once I graduate, or could they theoretically be on a separate payment plan? Is it possible to have two simultaneous payment plans—IBR for my undergrad loans, and extended repayment or whatever for my graduate loans?

If I have an option, and if I choose to put my graduate loans into IBR, would I qualify for the 3 year interest payment benefit on those loans (even though I already took advantage of the benefit for my undergrad loans)?

I appreciate your insight!

Borrowers can choose different repayment plans for different loans and can switch repayment plans, too.  The IBR subsidy is loan specific, but only applies to subsidized loans, and you won’t be getting any subsidized loans for grad school.  Unfortunately, those are no longer available after this July 1.