Obama announces plan to ease “crushing” student loan debt

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President Obama announces new plans to ease student loan burden Sen. Marco Rubio (R-FL) introduced a bill today to help ease the often-crushing burden of student loan debt by replacing interest payments with a one-time, non-compounding financing fee and establishing a new income-based repayment (IBR) plan.

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On Monday, Obama is expected to announce several executive actions to ease the student debt burden, The New York Times reports. A White House official told the newspaper that they were "new steps to further lift the burden of crushing student loan debt." The primary move will be the.

America's college students need debt reform-but it will never happen in today's America.. ambitious plan to reduce the crushing level of student debt many americans face.. clinton's announcement follows last month's push by former. Obama saw a steady decrease of the number of young voters that.

Instead, millions of young Americans are faced with crushing student loan debt loads in an economy where they can’t find good jobs. Instead, Barack Obama has made things even worse. Significant numbers of young Americans are starting to wake up and realize that neither political party is.

Will his proposal make Hillary Clinton embrace 'debt-free college'?. The Vermont senator, the "democratic socialist" independent who formally announces his. same young voters who helped propel Barack Obama to the presidency.. The plan – along with a proposal to reduce interest rates on existing.

Photo credit: Getty Images. Specifically, Mr. Obama announced an expansion of. The President also tried to help. Obama looks for ways to ease student loan debt.. "Student loan debt is crushing people in this country". is spearheading the plan to allow students to refinance their loans at lower rates.

Before a crowd of soon-to-be debt-laden college students at the Georgia Institute of Technology Tuesday, President Barack Obama unveiled a new Student Aid Bill of Rights and announced a new.

So instead of what we saw during the Obama years – when nearly 40 percent of graduates returned home to live with their parents or other family members because of crushing student loan debt and few job prospects – America’s offspring could earn degrees and live independently while building.