Student Loan Debt Relief to be Expanded

President Obama recently announced plans to expand on a 2010 law that capped student loan repayments at 10% of the borrower’s monthly income. The expansion will cover borrowers with older loans who were ineligible for relief under the original law. The goal is to reduce the burden of student loan debt payments on recent graduates who have faced a difficult job market. The link below will take you to the full details of the announcement.

http://www.nytimes.com/2014/06/08/us/politics/obama-plans-steps-to-ease-student-debt.html?_r=0