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Education Department contractors increase student debt burden

By MARIAN WANG ProPublica It was with some fanfare that the Obama administration announced last fall that it was ramping up a program to help students with federal loans reduce their monthly payments. Under the program, payments are adjusted based on how much students earn — what’s known as income-based repayment. Yet, even while the administration has emphasized [...]
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House Education Commitee Chair Calls Obama’s Student Loan Plan ‘A Mistake’: ‘We Don’t Have The Money’

US Politics / Liberal : Think Progress (3 years ago)

American college students will hit a milestone this year by having a record $1 trillion in student loan debt. Aware of the burden, President Obama announced a plan to help college students reduce their loan debt by consolidating the... Read Post

Obama Administration Sued for Refusing to Disclose Data on Student Loan Debt Collectors

US Politics / Liberal : Political Mojo (7 months ago)

President Barack Obama has taken several steps over the past few years to address the $1 trillion problem of student loan debt. He's pushed loan forgiveness programs and efforts to help borrowers reduce payments. One thing that appa... Read Post

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Politics : Business Insider: Politix (3 years ago)

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