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Who qualifies as a new borrower for the IBR Plan?

Posted 03 July 2015 03:33 PM

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You are a new borrower for the IBR Plan if you had no outstanding balance on any other Direct Loan or FFEL
Program loan when you received a Direct Loan on or after July 1, 2014.

Note: Because no new loans have been made under the FFEL Program since June 30, 2010, only Direct
Loan borrowers can qualify as new borrowers for the IBR Plan.

For more information go to the Income-Driven Repayment Plans: Frequently Asked Questions Website

     

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