Obama consolidating loans Seex 100 free

12-Jun-2018 01:48

But President Obama realizes that many students need relief sooner than that.

Starting in 2014, borrowers will be able to reduce their monthly student loan payments to 10 percent of their discretionary income.

Eligible borrowers will be contacted by their federal loan servicer early next year with information on how to consolidate.

These changes carry no additional cost to taxpayers.

Steps like these won’t take the place of the bold action we need from Congress to boost our economy and create jobs, but they will make a difference.

And until Congress does act, I will continue to do everything in my power to act on behalf of the American people.” “College graduates are entering one of the toughest job markets in recent memory, and we have a way to help them save money by consolidating their debt and capping their loan payments. Current law allows borrowers to limit their loan payments to 15 percent of their discretionary income and forgives all remaining debt after 25 years. Students can find out if they are currently eligible for IBR at

Starting in 2014, borrowers will be able to reduce their monthly student loan payments to 10 percent of their discretionary income.

Eligible borrowers will be contacted by their federal loan servicer early next year with information on how to consolidate.

These changes carry no additional cost to taxpayers.

Steps like these won’t take the place of the bold action we need from Congress to boost our economy and create jobs, but they will make a difference.

And until Congress does act, I will continue to do everything in my power to act on behalf of the American people.” “College graduates are entering one of the toughest job markets in recent memory, and we have a way to help them save money by consolidating their debt and capping their loan payments. Current law allows borrowers to limit their loan payments to 15 percent of their discretionary income and forgives all remaining debt after 25 years. Students can find out if they are currently eligible for IBR at

Additional Announcements: As part of the “Know Before You Owe” project, the Consumer Financial Protection Bureau, in collaboration with the Department of Education, will release today a Financial Aid Shopping Sheet -- a draft model financial aid disclosure form.