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!