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income-based repayment plans for student loans

HR Service Area

 

Contact Us

Office of Human Resources

18111 Nordhoff Street
Mail Code 8229
Northridge, CA 91330-8229

University Hall 165
Phone: (818) 677-2101
Fax: (818) 677-7863
E-mail: hr@csun.edu

New Repayment Plan May Lower Payments

Income Based Repayment (IBR) is a new repayment plan designed to lower monthly payments for several of the major types of federal loans made to students.  Under the new IBR plan, required monthly payments are capped at an amount that is intended to be affordable.  The revised monthly payment is based on your income and family size. 

Employees may want to re-examine their student loan repayment options when looking at the impact of furloughs on their personal financial situation. 

You can learn more about the new IBR plan by visiting the following Federal Student Aid web sites:

Income-Based Repayment Plan http://studentaid.ed.gov/PORTALSWebApp/students/english/IBRPlan.jsp

 

Federal Student Aid Repayment Plans and Calculators http://studentaid.ed.gov/PORTALSWebApp/students/english/OtherFormsOfRepay.jsp

 

 You may also call the Federal Student Aid Information Center

1-800-4-FED-AID (1-800-433-3243)
TTY: 8-800-730-8913