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Miami Mike
Post subject: Important news for US college students
PostPosted: Wed Jul 08, 2009 12:11 pm
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Starting this week, this new program is available for student loans. The program ties students loan payments to income :


http://www.ibrinfo.org/what.vp.html

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rkreisher
Post subject:
PostPosted: Wed Jul 08, 2009 6:24 pm
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Location: Magnolia, Texas (just north of Houston)
Thanks for the info. I have one teenager who graduates next year from HS.

RK

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Miami Mike
Post subject:
PostPosted: Wed Jul 08, 2009 6:55 pm
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rkreisher wrote:
Thanks for the info. I have one teenager who graduates next year from HS.

RK



Yer welcome....sounds like a good program.

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mclmk8d
Post subject:
PostPosted: Wed Jul 08, 2009 6:57 pm
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Thanks Mike, I also have a son in college...

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Miami Mike
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PostPosted: Thu Jul 09, 2009 7:26 am
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The way I understand it is that the interest has to be paid, but the loan amounts can be either deferred or adjusted for payback.

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mclmk8d
Post subject:
PostPosted: Thu Jul 09, 2009 11:39 am
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We are definitely going to check it out...last year, he got nothing...too much income, but this year should be different as the divorce was finalized...

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realoldschool
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PostPosted: Fri Jul 10, 2009 12:58 pm
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Great. My youngest graduated last year.
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