President Obama on Student Loan Debt: "No Hardworking Young Person Should Be Priced Out of a Higher Education"
David Hudson June 09, 2014 06:59 PM EDT
On Monday, President Obama took another step to expand opportunity for all Americans, by making student loan debt more affordable and manageable to repay. The President signed a memorandum directing the Secretary of Education to propose regulations that would allow nearly 5 million federal direct student loan borrowers the opportunity to cap their student loan payments at 10 percent of their income.
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