Federal Student Aid of the U.S. Department of Education regarding its annual modification to the income contingent repayment plan for 2012. It states that the plan allows the borrowers to choose the repayment of their loans based on the borrower's income, family size, loan amount and the ...
The newly announced SAVE plan will eliminate or change most of the income-driven repayment plans available including IBR, PAYE, and REPAYE.