IBR

I woke up early this morning worrying again about how we're going to make ends meet when fall comes and I still don't have a job. Not that I'm really jumping at the bit to get one. I still feel a sense of dread at the thought of going back to work and leaving my little Gavin, not to mention the other two when they come home from school.
So I'm crunching numbers in my head AGAIN. And really this new job would pay MORE than unemployment and we've been making it so far, but alas we've also had student loans on deferment. If only they could just stay that way. . .
I went to the internet to do some research on teaching grants, loan forgiveness, etc. and found a lucky little bit of information. Apparently starting July 1st of this year a new program is being implemented. IBR or the Income based repayment plan!! If certain parameters are met our monthly student loan repayment could be drastically reduced. After ten years of faithfully making those payments and working as a public servant the remaining balance can be . . . forgiven!!
So things might still be very tight if I don't work, but there is hope for survival if the right job doesn't come along. I think I can breathe again.