There are major changes to the student loan interest rates and repayment terms. The Department of Education has expanded its Student Aid on the website for students to include the following:
- A chart of FFEL and Direct Loan Interest Rates
- An Income Based Repayment page that includes the IBR eligibility requirements, the benefits of IBR, an IBR payment calculator, and some examples of how a borrower's monthly student loan payment amount can be reduced under IBR.