(US News and World Report) — My mama always told me that you can’t get blood from a turnip. True enough. Even so, when student loanborrowers graduate, we’re told we have to start paying back our loans. That can be tough, especially for graduates still looking for work in this sluggish economy. There are lots of different repayment plans for borrowers to choose from, but if you’re struggling to manage your student loan payments, consider the benefits of the Income-Based Repayment (IBR) option. IBR caps student loan payments at a reasonable percentage of income. Payments are based on income and family size, with most people paying 10 percent of their income or less. Repayment of student loans under IBR is limited to a maximum 25-year period, after which the remaining balance is forgiven. All federal studentloans can be repaid through IBR, even if the loans were borrowed a long time ago or the federal loan was borrowed from a bank or private lender through the Federal Family Education Loan (FFEL) program.