CornerStone will be closed on Monday, May 25th in observance of Memorial Day. Our website and automated phone system will be available for your convenience. Our offices will open again on Tuesday, May 26th at 6 a.m. MT. Thank you!

Income-Based Repament (IBR) Plan

The Plan

  • Possible $0.00 monthly payment 
  • Payments are based off your income and family size
  • Extened Repayment terms
  • May lead to forgiveness after 25 years of qualifying payments (If you are a new borrower it is after 20 years)
  • Sign up on

Payments and Terms

Monthly payments are calculated using 15% of your discretionary income (10% for new borrowers) and family size. On this plan payments are made for up to 25 years. 

* Discretionary income is the money you have left over after the deductions of taxes and other mandatory charges. 

To qualify as a new borrower on IBR, you cannot have a loan taken out before July 1, 2014 but you must have a loan taken out on/after July 1, 2014.