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If I have two or more Federal loan lenders/servicers and I opt for the Income Based Repayment option, is the IBR calculated payment divided among my lenders?

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If I have two or more Federal loan lenders/servicers and I opt for the Income Based Repayment option, is the IBR calculated payment divided among my lenders?

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Yes, if you are scheduled to pay $422 a month on your Federal loans, that payment must be divided among all your Federal loan lenders.

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