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New 10% IBR and older loans...

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Mon, 10/31/2011 - 15:21
carlottams
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Joined: 10/31/2011
Points: 0

Is it true that the new 10% IBR announced last week are only or people with loans that were taken out after 2008? WHY?

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Tue, 11/29/2011 - 13:41
#1
Robert Applebaum
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Joined: 03/21/2009
Points: 1560
Actually, to be eligible for

Actually, to be eligible for the reduced rate of 10%, one must have at least one loan originated in 2012 or beyond.  Why?  I cannot tell you.

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