How to Stay Enrolled in Income-Based Repayment Each Year
Income-Based Repayment (IBR) is not a set-it-and-forget-it program. Your monthly payment adjusts every year based on income and family size, and you must send documentation to your loan servicer annually to remain enrolled. This guide walks through the annual process, who it applies to, how IBR fits alongside other income-driven repayment plans, and why it matters for Colorado borrowers planning a home purchase.