Obama announces plan to ease “crushing” student loan debt

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 · College grads will be able to cap federal student loan repayments at 10 percent of discretionary income starting in January.President Obama on Wednesday announced a plan to allow college graduates.

REPAYE was introduced with the announcement that President Obama's.. President Obama's plan to provide student loan relief is extremely lucrative for.. to get out from under crushing federal student loan debt, but this change wasn't set.

 · As President Obama put it when he backed the proposal this weekend, Warren’s bill will force the GOP to decide whether it wants to “protect young people from crushing debt, or protect tax.

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(AP) President Obama will introduce a "Bill of Rights" for student borrowers Tuesday and announce a new executive action to help. plan that will allow more borrowers to enter programs that cap.

Before an East Room audience, Mr. Obama is scheduled to announce “new steps to further lift the burden of crushing student loan debt,” said a.

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Gillibrand announced Sunday morning new legislation that would allow student borrowers currently repaying their federal student loans to refinance at a "It’s the gateway to be able to buy a home, start a family, provide for your family." But that is all being hampered by crushing loan debt, she said.

Since 2004, student loan debt has nearly tripled, with Federal Student Loan debt surpassing $1. She is committed to working to ease the burden on the millions of Americans struggling with crushing student loan debt.. true costs lost in Fine Print, Gillibrand Announces Plan to Bring Transparency to Student Loan Forms.

With the $1.2 trillion student loan crisis accelerating, President Barack Obama gave a nod in his State of the Union speech to the millions of young Americans starting their adult lives in crushing.

Obama looks for ways to ease student loan debt.. "Student loan debt is crushing people in this country". is spearheading the plan to allow students to refinance their loans at lower rates.

 · Last year, as part of his year of action to expand opportunity for all Americans, President Obama issued a Presidential Memorandum directing the Department to propose regulations to ease the burden of student loan debt by expanding repayment options available to borrowers and building awareness of income-driven repayment plans.