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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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New Report Calls for More Grants to Low-Income Students, End to Federal Parent Loan Program

US Politics / Liberal : Crooks and Liars (2 years ago)

enlarge By Marian Wang, ProPublica The federal government must double down on grants to low-income students and dramatically simplify the system of student loans, says a new report by the non-partisan New America Foundation. The rep... Read Post

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

US Politics / Liberal : Political Mojo (8 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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