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Income Based Repayment to Aid Law Grads
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From Slate via Legal Geekery, a new way for law students to pay off their loan debt:

Most people know about the plan where you’d work for 10 years at for the govt or a non-profit and they’ll forgive all your federal debt.

But this presents a new alternative called IBR — Income Based Repayment.

  
What
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The first program won’t be up and running until July 2009, but it could certainly benefit many underpaid and overdebted do-gooders. The Department of Education essentially caps the percentage of your discretionary income you are expected to pay toward your student loan debt.

Via Slate & Legal Geekery Blog.

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