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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

Full Story: http://www.washingtonpost.com/news/get-there/wp/2015/03/10/obama-plans-to-make-it-easier-to-pay-your-student-loans/

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