The U.S. Department of Education today announced two changes to its student loan program designed to ease debt burdens for some borrowers, but if you dig into the details, it won't be the kind of relief occupiers of Wall Street and elsewhere are demanding.
One change will reduce interest rates...
The White House announced Monday that President Obama's income based education loan repayment plan would be extended by executive order, lessening the burden on 5 million borrowers. The executive order directs the Secretary of Educa... Read Post
President Obama announced his new “Pay As You Earn” proposal today, designed to ease the burden of student loans. His administration says it will reduce monthly payments for 1.5 million borrowers, consolidate loans, and reduce inter... Read Post
New York Times: Student Loan Debt Burdens More Than Just Young People, by Elizabeth Olson: [A]n estimated two million Americans age 60 and older... are in debt from unpaid student loans, according to data from the Federal Reserve Ba... Read Post