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President Obama plans to make it easier to pay your student loans
March 11, 2015 /
President Obama signed a presidential memorandum Tuesday directing federal agencies to overhaul the way Americans repay their student loans.
The move is the latest in a series of steps the administration has taken to promote college access and affordability, including expanding a program that caps student loan payments to 10 percent of a person’s income for 20 years. It comes at a time when student debt has surpassed $1.3 trillion and the average graduate is leaving school with nearly $29,000 in education loans.
By Danielle Douglas-Gabriel
MATR Supporters (view all)
Posted in: Education News
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