All Education Matters: Do You Believe That Were You Misled or Misinformed about IBR (Income Based Repayment) by Your Lender?

All Education Matters: Do You Believe That Were You Misled or Misinformed about IBR (Income Based Repayment) by Your Lender?:

Do You Believe That Were You Misled or Misinformed about IBR (Income Based Repayment) by Your Lender?

by Cryn Johannsen

This past June, when the Texas heat was hotter than a blazing furnace, a borrower named Amy reached out to me about her student loans. Amy was struggling with her payments, and believed that defaulting was imminent. She was hot with anger and distraught about her predicament. But I quickly realized that, because of the type of loans she has, IBR was a possible option. She was misinformed when she first called her lender, but we eventually sorted it out. (You can read the full story here). Amy is now enrolled in the IBR program.

It has come to my attention that Amy is not the only person who has been misinformed about IBR. Some