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Am D. Ford Federal Direct Loan (Direct Loan) IDR Program and Federal Family Education Loan (FFEL) Program WARNING: Any person who knowingly makes a false statement or misrepresentation on this form or on any accompanying document is subject to penalties that may include fines, imprisonment, or both, under the U.S. Criminal Code and 20 U.S.C. 1097. SECTION 1: BORROWER IDENTIFICATION Please enter or correct the following information. Check this box if any of your information has changed. SSN.

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How to fill out the College Foundation Ibr form online

Filling out the College Foundation Ibr form online can seem daunting, but with clear guidance, you can navigate each section with ease. This guide will walk you through the process step by step, ensuring you provide all the necessary information accurately.

Follow the steps to successfully complete your form online.

  1. Click ‘Get Form’ button to obtain the College Foundation Ibr form and open it in the editor. Ensure you have a stable internet connection for the online process.
  2. In Section 1, provide your borrower identification details. Fill in your social security number, name, address, telephone numbers, and email if you wish. Check the box if any of your information has changed.
  3. In Section 2, select your repayment plan or recertification request. Choose whether you are requesting a repayment plan based on your income, submitting annual documentation, or requesting a recalculation due to changes in your circumstances. Ensure to select the right box corresponding to your situation.
  4. If applicable, complete Section 3 with your spousal information. If you file jointly or your spouse has loans, include their social security number, name, and date of birth, as well as indicate if you wish to repay jointly under the ICR plan.
  5. In Section 4, enter your family size and confirm if you filed a federal income tax return in either of the last two years. If your current income differs significantly from your tax return, ensure to note that.
  6. Proceed to Section 5 if you need to provide alternative documentation of income. If you have taxable income, ensure to list it and include supporting documents as instructed.
  7. Complete Section 6 by signing and dating to certify that all provided information is accurate. If your spouse's signature is needed, ensure they also sign the form.
  8. Finally, in Section 7, send the completed form and any required documentation to the address specified. Make sure to keep a copy for your records.
  9. Once all sections are completed, save your changes and consider downloading or printing the form for your personal records.

Start filling out your College Foundation Ibr form online today for a smooth financial future.

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Generally, your federal student loan debt has to exceed your annual discretionary income or it has to make up a significant portion of your annual household income. Parent borrowers aren't eligible. Parent PLUS Loan borrowers aren't eligible for IBR, even if they consolidate with a direct consolidation loan first.

The repayment term depends on the type of income-driven repayment. The repayment term is 25 years for ICR and IBR, and for borrowers who have graduate school loans under REPAYE. The repayment term is 20 years for PAYE and for borrowers who have only undergraduate loans under REPAYE.

Income-based repayment (IBR) is a federal student loan repayment program that adjusts the amount you owe each month based on your income and family size.

To qualify for forgiveness of any remaining loan balance at the end of the 20-year repayment period, you must have made the equivalent of 20 years of qualifying monthly payments (240 qualifying monthly payments) and 20 years must have elapsed.

The Income-Based Repayment Plan is a repayment plan with monthly payments that are generally equal to 15% (10% if you are a new borrower on or after July 1, 2014) of your discretionary income, divided by 12.

Eligible student loan borrowers may be able to have their debt forgiven after ten years through the Public Service Loan Forgiveness (PSLF) program.

The Income-Based Repayment (IBR) plan is for Direct and FFEL borrowers. Your monthly payments will be either 10 or 15 percent of discretionary income (depending on when you received your first loans), but never more than you would have paid under the 10-year Standard Repayment Plan.

Generally, processing your IDR application should take no more than two weeks.

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