obama unveils plan to ease student loan burden
Last Updated : GMT 13:26:10
Arab Today, arab today
Arab Today, arab today

Obama unveils plan to ease student loan burden

Arab Today, arab today

Arab Today, arab today Obama unveils plan to ease student loan burden

Washington - Xinhua

U.S. President Barack Obama on Wednesday unveiled a plan that would help relieve the burden of Americans who are struggling to pay their student loans. \"We should be doing everything we can to put a college education within reach for every American,\" Obama said at the University of Colorado in Denver. \"It\'s never been more important, but, let\'s face it, it\'s also never been more expensive.\" The president quoted a new report which showed tuition and fees at U.S. universities have gone up -- much faster than inflation. \"Over the past three decades, the cost of college has nearly tripled. And that is forcing you, forcing students, to take out more loans and rack up more debt,\" he said. The president offered a plan to provide some relief for millions of Americans on their student loans. The plan would accelerate a measure, already passed by Congress, to reduce the maximum required payment on student loans from 15 percent of discretionary income annually to 10 percent. The measure was scheduled to be implemented in 2014, but Obama said it would be put in place as soon as 2012. The plan would forgive the balance of student loans after 20 years of payments. Additionally, starting January, an estimated 6 million students and recent college graduates will be able to consolidate their loans and reduce their interest rates. The move came as U.S. students borrowed an unprecedented amount of money through federal loan programs last year. The amount of student loans taken out last year surpassed 100 billion dollars for the first time and total loans outstanding will exceed 1 trillion dollars for the first time this year, according to a recent USA Today report. \"Living with that kind of debt means making some pretty tough choices when you\'re first starting out,\" said Obama. \"It might mean putting off buying a house. It might mean your can\'t start a business idea that you\'ve got.\"

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

obama unveils plan to ease student loan burden obama unveils plan to ease student loan burden

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

obama unveils plan to ease student loan burden obama unveils plan to ease student loan burden

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today PNG police start removing refugees

GMT 03:00 2017 Friday ,24 November

PNG police start removing refugees
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria congress to go ahead

GMT 02:24 2017 Friday ,24 November

Syria congress to go ahead
Arab Today, arab today IS media offline for a day

GMT 02:10 2017 Friday ,24 November

IS media offline for a day
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Human form of 'mad cow' disease

GMT 00:11 2017 Friday ,24 November

Human form of 'mad cow' disease
Arab Today, arab today British woman jailed in Iran to appear

GMT 03:19 2017 Friday ,24 November

British woman jailed in Iran to appear
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mitsubishi Materials units falsified product

GMT 03:24 2017 Friday ,24 November

Mitsubishi Materials units falsified product
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Solaf happy for participating in “Hotline”

GMT 07:56 2017 Wednesday ,22 November

Solaf happy for participating in “Hotline”
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 09:12 2017 Thursday ,23 November

4 in 10 cancers due to modifiable risk

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday