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Obama Moves To Extend Student Loan Payment Relief

wochit politics
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June 09, 2014 AT 10:01 AM
President Barack Obama says the rising costs of college have left America's middle class feeling trapped. Obama is signing a presidential memorandum he says could help an additional 5 million borrowers. An existing repayment plan lets borrowers pay no more than 10 percent of their monthly income in payments, but is only available for those who started borrowing after October 2007.