The bill, H.R. 9746, aims to change the Higher Education Act of 1965 to allow parents who took out Parent PLUS loans for their dependent students to repay these loans through income-contingent or income-based repayment plans. These repayment options would make it easier for parents to manage...
Simple Explanation
Parents who took out loans to help their children go to college can now pay back these loans based on how much money they make. This makes it easier for them to manage their payments and not worry too much if they don't earn a lot.