“Here’s the good news: A bipartisan bill has been introduced into the Senate that might just solve the single most pressing problem with student debt.

Now the bad news: One of the sponsors is Florida Sen. Marco Rubio. And as Jonathan Chait once so succinctly put it, “Everything Rubio touches has turned to shit.”

But let’s focus on the positive. I’ve made the case before that student loans would be a dramatically less hellish burden if Washington just tweaked the way borrowers repay their debts. Instead of the standard 10-year plan, everyone should automatically be enrolled in a program where they just pay a percentage of their income every month. Options like this already exist to help troubled borrowers, but they’re poorly publicized and signing up is a stupidly complicated process. And as a result, millions of Americans needlessly default on their education debt, even though help is technically just a bit of paperwork away. (To be precise: About 15 percent of borrowers default within three years of starting payments.) Making income-based repayment the baseline option would cure all that financial pain.” *

Cenk Uygur (http://www.twitter.com/cenkuygur) and Ana Kasparian (http://www.twitter.com/AnaKasparian) break it down on The Young Turks.
*Read more here from http://www.slate.com/blogs/moneybox/2014/07/17/marco_rubio_and_mark_warner_student_loan_bill_great_legislation_but_does.html