Post date: Sep 4, 2015 7:57:51 PM

Growing numbers of student loan borrowers are taking advantage of the Obama Administration’s efforts to ease the burden of student debt, according to recently released figures from the U.S. Department of Education. Delinquency rates are down, too.

New quarterly updates show that nearly 3.9 million Direct Loan borrowers had enrolled in Income-Driven Repayment plans as of June 30 – a 56 percent increase from June 2014. The plans help borrowers manage their federal student loan debt by reducing monthly payments based on their income. Read more here.