How much should American taxpayers pay to rescue students from an avalanche of debt? As discussed in this space last month, data from the United States Department of Education suggests that we are in the midst of a quiet revolution in helping to lift the burden of student debt. A growing number of people are enrolling in a federal program called Income-Based Repayment (I.B.R.) to pay back their college loans. I.B.R. limits monthly loan payments to as little as 10 percent of a borrower’s income, after deductions for living expenses, and forgives any remaining loan balances after 20 years. People who work in nonprofit and public-sector jobs get an even better deal, with forgiveness after 10 years.

February 10, 2015 ・ From The New York Times