IBR

IBR is a statutory plan, which means it is enforced by law, not by presidential executive action.

Your payments will likely increase under IBR, but it’s better than not getting credit for any months under SAVE.

“The IBR program has a responsibility to identify a multimodal solution that not only addresses the needs of navigation but those of all program area users including air, transit, freight, vehicle and active transportation,” he wrote.

“PAYE usually has the lowest payment, followed by either IBR or REPAYE, depending on the specific circumstances of the borrower,” said Mark Kantrowitz, a student aid expert.

Being naïve, I didn't realize the amount of interest it would accrue being on the IBR.