Its called the Income-Based Repayment (IBR). The main purpose of it is to allow a person to make affordable payments on federal student loans with a 10-year payment plan. In order to enter into the program you need to have enough debt relative to your income to qualify for a reduced payment. If your total income is less than the average poverty line then your loan payment will be $0. If your total income is more than 150% of poverty level then your loan payment is capped at 15 percent of what you make. To put it simply, if you're super poor with a whole bunch of kids you won't have to pay any of your loan. If you do make a considerable amount of money, you will usually only be paying about 10% of your total income in loan repayment. Spread that out over 10 years and your loan is paid off.
      Obviously this isn't the most ideal way to pay off your loans. It seems more like a last-ditch effort to pay off your loans if you found no other way to do it. The IBR program seems pretty legit. The nice thing about it, is that your loan payment goes down with every additional child that you have. So if you are planning on having 6 kids with $40,000 in loan debt, you may just qualify to not have to pay at all.

Find more information at: http://www.ibrinfo.org/what.vp.html

Article by Adam Christensen