09 juin 2014

As Congress Bickers, Obama Takes Executive Action on Student Loans

http://chronicle.com/img/subscribe-footer.pngBy Kelly Field. On the eve of a Senate fight over student-loan refinancing, President Obama is taking executive action to ease students' debt burdens. At a White House event on Monday, Mr. Obama will announce that he will expand a law that caps borrowers' loan payments at 10 percent of their income to individuals with older loans—those who borrowed before October 2007 or stopped borrowing by October 2011. The president will also announce plans to renegotiate contracts with federal student-loan servicers to provide them with financial incentives to keep students out of default. The percentage of students defaulting on their loans within two years of graduating reached 10 percent last year, the highest rate in nearly two decades. Read more...
Posté par : pcassuto à - - Permalien [#]