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New student loan repayment plan is based on borrower's income

latimes.com
Jul. 5, 2009
The federal program is complex and won't apply to every borrower, but it could dramatically reduce monthly payments for some. New student loan repayment options came just in time for Jeff Zollinger.
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New student loan repayment plan outlined

WASHINGTON, July 1 (UPI) -- A new repayment option for federal student loans went into effect Wednesday, tying payments to income and family size, the U.S. Education Department said.
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Lori Anne Madison, 6, competes in Scripps National Spelling Bee
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Lori Anne Madison, 6, of Woodbridge, Virginia, spells out the letters in her word as she competes during the opening round of the Scripps National Spelling Bee, May 30, 2012, in National Harbor, Maryland. Madison, the youngest known qualifier in the history of the contest, correctly spelled the word "dirigible*", a lighter-than-air aircraft, to advance. UPI/Mike Theiler