Yes! Private lending agencies should offer income-based repayment options for private student loans.
Why is this important?
In 2009, the Obama administration passed a law allowing Federal Student loans to be repaid via an income-based plan. It was a great step forward. Unfortunately, private lenders are still able to charge ridiculous interest rates and offer only fixed monthly payment plans on private loans. With the recession on, the job market has changed; private lenders should change their repayment options as well.
