The average student debt burden has increased to more than $25,000. And in today’s job market, which is especially tough for young graduates, many student loan borrowers are struggling to meet their monthly payments. Thankfully, relief is on the way for some borrowers. Beginning Dec. 21, many federal student loan borrowers became eligible for a new income-based repayment plan called “Pay As You Earn.” The new plan caps borrowers’ payments at 10 percent of their monthly discretionary income, and forgives remaining debt after 20 years. The plan will help numerous borrowers avoid forbearance or default, options that have lasting, harmful effects on their credit.