Modest Uptick for Income-Based Repayment

The number of federal direct student loan borrowers who were enrolled in an income-based repayment program rose by 20 percent in the last three months of 2013, as the Education Department launched a large outreach campaign to get more people to use the benefit. Slightly more than 1.3 million borrowers had loans in an income-based repayment plan at the end of last December, an increase of 210,000 from the end of September, according to recently released federal data. Read more...