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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

Q&A: Will Obama's New Student Loan Plan Lessen My Debt?

Politics : Business Insider: Politix (3 years ago)

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

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