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Obama to Take Executive Steps on Student Loans

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"... President Barack Obama is prepping new executive steps to help Americans struggling to pay off their student debt [by] ... expanding an existing program that prevents borrowers from having to pay more than 10 percent of their monthly income in student loan payments ... directing the government to renegotiate contracts with federal student loan servicers ... to make it easier for borrowers to avoid defaulting on their loans ... ask[ing] the Treasury and Education departments to work with tax preparers to increase awareness about tuition tax credits and flexible repayment options." ... http://abcnews.go.com/Politics/wireStory/obama-executive-steps-student-loans-24043210 [Note added: Also covered here: http://abc7news.com/education/obama-to-take-executive-steps-on-student-loans/102365/]

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