“Dear Steve,
I have a consoidated student loan with my ex-husband. He does not pay a cent towards that loan and is a deadbeat dad too. I am currently unemployed and the current loan payment of $166 is just too much for me right now. I’m not in default and the current balance is about $18000. I know about IBR but Sallie Mae says I need to have him fill out some forms and sign them in order for me to be in the program. I can’t get him to sign but I need to lower my payments too. I really need some help!
Who can help me to get into the IBR program so my loan payments will be affordable? I have a spousal consolidation but my ex-husband is out of state and I can’t get him to sign the papers so I can get into Sallie Mae’s IBR program.
Deborah”
Dear Deborah,
I know of no solution to overcome the fact your husband refuses to cooperate with you.
Just remember that Sallie Mae’s IBR program is not for all types of loans.
Income-based repayment helps eligible customers manage their payments on:
- Stafford loans
- Grad PLUS loans
- Most federal consolidation loans
Loans that are not eligible for IBR:
- Parent PLUS loans
- Federal consolidation loans that include Parent PLUS loans
- Private loans
Do you know if your loans are government backed or private loans?
Please post your responses and follow-up messages to me on this in the comments section below.
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