SafeHarbor Financial | Government
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Government Employees & the Income Based Repayment Program

Government employees get a bad rap, but they do some of the most important work to keep our day-to-day lives functioning. Often times government employees have very specific skills and training, which generally require expensive student loans. Paying off thousands of dollars of student loans and interest can be tough on a month-to-month basis, which is why the Income Based Repayment Program is so helpful.


What are the Benefits of the Income Based Repayment Program (IBR)?

The major benefit is that your new payment will be based on your earnings and family size. The total amount you owe on your federal student loans is only considered when determining the extent of your financial hardship.


Another big benefit is that regardless of how much you pay over the loan repayment period, whatever loan balance is remaining at the end of the term of the loan will be completely forgiven. This can mean a savings of thousands of dollars! Call today 1-855-569-4009.



The amount of your new monthly payment will not be higher than 10 to 20 percent of your discretionary income if you were a new borrower on or after July 1st 2014. If your loans were taken out prior to this date, then 15% of your discretionary income is used to calculate your new monthly payment amount. This payment will not be higher than what you were originally paying under the standard 10-year repayment plan. This is great for those who exit college with a huge loan balance and are hit with payments they cannot afford while looking for work, for example.


Get Started Today!

The benefits offered by the Income Based Repayment Program are extensive and designed specifically to help individuals and families in financial need while ensuring that the Federal Student Loan Program remains healthy and available for future students. Call today 1-855-569-4009.



Safe Harbor is a full service financial planning firm. Our primary goal is to help you – the client – no matter where you are on your path to creating financial security, identify specific financial goals such as creating more cost effective ways to pay off your student loans. We then assist you with the actual process of identifying the most efficient way of accomplishing this objective and helping you save thousands of dollars in the process.


So take the time and give us a call. Our specialists will pull up your loans, explain your options through consolidation and tell you exactly what your benefit would be in just a few minutes, and there is no obligation find out just how much you can save. Call today 1-855-569-4009.