Wednesday, October 26, 2011

Obama's student loan debt-relief plan: Too good to be true?

The plan, to be implemented by executive authority alone, allows some 1.6 million students to cap their loan payments at 10 percent of their discretionary income starting in 2012. It also forgives the balance of student loans after 20 years of payments. Current law allows students to limit loan payments to 15 percent of income, forgiving debt after 25 years of payments, though few students are aware of this option. - CSMonitor.com

'via Blog this'
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

DISCLAIMER

Know4LIFE's YES News is a blog designed to bring alternative news and information that is relevant to Youth and their Parents. As such, any and all views and opinions expressed herein, regardless of authorship, do not represent the views or opinions of any author's employer or people, institutions or organizations that the author may or may not be related to or affiliated with unless explicitly stated otherwise. YES News includes links to other sites/blogs operated by third parties. These links are provided for convenience and informational purposes only. As such, the information, opinions, products, and/or services contained therein do not reflect the views and opinions of or represent endorsement Know4LIFE or YES Media. All images that appear on YES News are under the copyright of their respective owners. Know4LIFE's YES News does not claim credit for any image unless explicitly stated. If you own the rights to any image appearing on YES News and do not wish for it to appear, please notify Know4LIFE immediately and the image shall be promptly removed.