Income-Based Repayment (IBR), created in 2007, is a student loan repayment program that can make your payments more manageable. Visit www.IBRinfo.org for details.
Public Service Loan Forgiveness
Program Public Service Loan Forgiveness is a new program for federal student loan borrowers who work in a wide range of "public service" jobs, including jobs in government and nonprofit 501(c)(3) organizations. It will forgive remaining debt after 10 years of eligible employment and qualifying loan payments. During those 10 years, the Income-Based Repayment (IBR) plan can help keep loan payments affordable. For more information, go to www.ibrinfo.org/what.vp.html#pslf or http://studentaid.ed.gov/students/attachments/siteresources/PSLF_QAs_final_02%2012%2010.pdf
Pay As You Earn The Pay As You Earn program allows borrowers of the Federal Direct Loan and Federal GradPlus Loan to pay no more than 10% of their monthly income. For more information, go to http://studentaid.ed.gov/repay-loans/understand/plans/pay-as-you-earn