Borrowers can now apply for new, income-based student loan repayment

Borrowers can now apply for new, income-based student loan repayment

More than 20 million borrowers are eligible under the new repayment plan, and many will see lower payments.

(Image credit: LA Johnson/NPR)

​More than 20 million borrowers are eligible under the new repayment plan, and many will see lower payments.