Affordable Higher Education Updates

Obama Announces Initiatives to Ease Student Loan Debt

By | Rich Williams
Higher Education Advocate

President Obam has announced a series of initiatives that will reduce the burden of student loan debt that millions experience after graduation.

The Obama administration has announced an effort to better educate students about Income Based Repayment and has proposed a gap measure to accelerate the start of the 10% discretionary income cap for some student loan borrowers in 2012. This benefit would be available for those who have borrowed a federal student loan since 2008 and have another loan starting in 2012. 

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