IBR -- Ditch Your Debt

The creative folks at IBRinfo.org have created a new cartoon based video called Ditch Your Debt Gremlin, which provides a great synopsis of how IBR (income based repayment) works, who is eligible, and how it can be used for remaining debt forgiveness through CCRAA (College Cost Reduction Access Act). This is the website that also has great calculators to assist you in decision making. The US Department of Education has also posted a fact sheet and its own calculator. IBR becomes effective July 1, 2009 so educate yourself on your options today!