For those who qualify, the Income-Based Repayment plans can cut the monthly student loan payment in half.
Coral Springs, FL (PRWEB) June 02, 2011
KeepMyCompanySafe, LLC, a provider of self-help materials and information delivered online to customers, announced today that it has launced a new website at http://www.LowerMyStudentLoanPayments.org, designed specifically to help individuals apply for an Income-Based Repayment Plan, which is a relatively new program offered through the U.S. Department of Education. The IBR program has been around for about a year, but is not widly known to the general public.
The purpose of the site is to help graduates who would not be able to pay off their loans in 10 years using a reasonable portion of their income, apply for the income-based repayment program utilizing the company's IBR PAK which contains all of the required official forms, a custom tailored synopsis letter, and a step-by-step guide, enabling the student loan borrower to quickly and easily complete the application process and submit it to their student loan servicer for review. For those who qualify, the Income-Based Repayment plans can cut the monthly student loan payment in half.
About 1 million people are expected to be eligible for an income-based repayment plan, yet only about 20 percent have applied for one. This may be because the government has done a poor job of promoting the program, and because lenders who service the federal student loans don't tell student loan borrowers that they can apply for an IBR, according to an article in the Sun-Sentinel, a South Florida newspaper.
For more information about the IBR PAK, please visit http://www.LowerMyStudentLoanPayments.org or call 1-855-796-8845.
Note: The Income-Based Repayment Plan is made available and is administered by, the U.S. Department of Education through guidelines established by that agency. The IBR PAK provider is not a government agency nor is it affiliated with one. KeepMyCompanySafe, LLC d/b/a LowerMyStudentLoanPayments.org, the IBR PAK provider, is not offering to provide loan modification services, settlement services, or loan consolidation services of any kind.