The Income Based Repayment plan is an awesome tool for today’s economically challenged times. It’s a payment plan based on income only – simple and easy to understand. And now, the calculator published on the Dept. of Ed’s website is also easier to understand, thanks to a major website redesign.
Out with the old blue monochrome graphics and in with a snazzy easy to read well organized (you be the judge) layout. I think the most amazing part about this is the great fanfare announcing this. What? You didn’t see anything? Neither did I. In fact, I found it by accident while going about my daily task of helping student loan borrowers. I was heading to the IBR calculator to verify how much lower I could get a client’s payment when WHAM, a completely new site popped up.
Check out the new site and the easier to use IBR calculator. It might just save you some cash!