The New Income Driven Repayment Program

Income driven repayment is supposed to be a way to help people who are struggling with repayment. The whole idea is you pay a percentage of your income, so when your income isn't high, you're not paying very much. And then 20 to 25 years later, if you've been making on-time repayments under income driven payment, and you still haven't paid it off, then it's already forgiven. There's no reason that we should make that much more generous.