Tuesday, November 1, 2011

Obama's Student Loan Relief Program

The student relief program allows borrowers of federal student loans to have their monthly payments set to a reasonable amount based on their income and family size. As of right now payments can be capped at 15% of borrowers discretionary income. Under federal law, this cap is set to be lowered in 2014 to 10%. Obama plans to extend these benefits to borrowers who took out student loans in 2008 and later.
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3 comments:

  1. M. Page#28November 1, 2011 at 6:16 AM

    http://www.washingtonpost.com/blogs/campus-overload/post/obamas-new-student-loan-relief-program-what-does-it-all-mean/2011/10/26/gIQAp7SqJM_blog.html

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  2. Mike LamrockNovember 1, 2011 at 6:21 AM

    Hopefully this plan can help people us out.

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  3. J.Powers66November 1, 2011 at 6:27 AM

    This would be a great way to give students a financial break. They could keep money in their pockets and spend it elsewhere boosting the GDP. Student loans suck and many of us K students have them, so I am sure all of us would appreciate a break. Currently many of us will be paying them off until we are in our late 30s.

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