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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’
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
New Report Calls for More Grants to Low-Income Students, End to Federal Parent Loan Program
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
Q&A: Will Obama's New Student Loan Plan Lessen My Debt?
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