We're trying to do some things to reduce loan repayments at the back end -- something called income-based repayment, IBR -- you can take a look at.

WHITEHOUSE: President Obama and Secretary of Education Arne Duncan Discuss College Affordability | The White House

While taking advantage of some of these repayment rights requires just a simple phone call or email, others, like IBR, take a considerable amount of time and energy.

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During the chat, he addressed a wide variety of topics, including the role Income Based Repayment (IBR) plans can play in helping former students manage their debt, the importance of higher education, from four-year universities to community colleges and technical and vocational training, and the vital role of public education.

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U.S. Department of Education Secretary Arne Duncan and I will answer your questions about starting a business and highlight the Income-Based Repayment (IBR) Plan, which supports young college grads who are looking to start a business, join a startup, or work in a public service job by making Federal student loan repayment manageable.

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