Improving Income-Driven Repayment for the William D. Ford Federal Direct Loan Program

The Department of Education proposed to amend the regulations governing income-contingent repayment plans by amending the Revised Pay as You Earn repayment plan, and to restructure and rename the repayment plan regulations under the William D. Ford Federal Direct Loan Program, including combining the Income Contingent Repayment and the Income-Based Repayment plans under the umbrella term of "Income-Driven Repayment plans"