Released: July 05, 2009

Student loan plan based on borrower income

Source: Kathy Kristof, Los Angeles Times (Free Registration)

New student loan repayment options came just in time for Jeff Zollinger.

The 32-year-old father of two just graduated from architecture school with $125,000 in debt. He and his wife, an audiologist, expect to make good money someday - more than enough to pay the loans. But between the rotten economy and a new baby, the Savannah, Ga., couple have only been able to find part-time work. They’re struggling to make ends meet, so the $1,200 a month that Jeff’s lenders want on his loans doesn’t seem feasible.

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