Student Loans News
Follow developments in student loan reform and its impact on students, taxpayers, and the economy.
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Obama Calls Out ‘Millionaires’ to Pay for Student Loans
Using his pen again in “this year of action,” President Obama today took executive actions to ease the burden of student debt at the expense of “millionaires.” The program, “Pay as You Earn,” expands an existing federal loan option available to undergrad and graduate students. It issues caps on monthly loan payments at 10 percent…