Income-based repayment is a new federal student loan repayment opportunity for students graduating with a large amount of debt and a small income. Income-based repayment helps borrowers keep their loan payments affordable with payment caps based on their income and family size. This plan is particularly beneficial for people graduating from expensive graduate programs, like medical or law school, who could have loan debt of $100,000 or more. It can also help anyone who graduates into a poor job market.

This month, ScholarshipPoints.com, an Edvisors online education company, surpassed a striking 500,000 members. Through the free scholarships program, ScholarshipPoints.com is working to defray the ever increasing cost of college for students by giving away up to $100,000 in 2009. Participation in the program is free, and members earn points by participating in surveys, reading helpful blogs, and engaging in other online activities. Accrued points can be exchanged for entries into any month’s scholarship drawing, including the upcoming $10,000 giveaway. To ensure funds are used for educational purposes, awards are sent directly to the student’s financial aid office.

For some people nothing compares to the experience of living at college for four years. What could be better than having the library, the gym and the dining hall right at your fingertips? Not to mention being able to get together with your friends every Thursday night to watch Grey’s Anatomy in the lounge or being able to roll out of bed on Friday mornings and go to class in your sweatpants.

President Barack Obama (@ 12:00 p.m., Eastern Time (ET), September 8, 2009) will challenge students to work hard, set educational goals, and take responsibility for their learning in a national address to the students of America. During this special address, the president will speak directly to the nation’s children and youth about persisting and succeeding in school.

The U.S. Department of Education invites students of all ages, educators, teachers, and administrators to participate in this historic moment by watching the president deliver the address.