Student loan reform can't wait
President Obama has ordered two changes to student loan policy that will help millions of Americans who are struggling to pay for their education. Watch this video to find out how these policies will affect you or someone you know.
President Obama Provides a path to Refinance Student Loans and Gets His Groove Back.
Well the President of the United States has got his Groove Back. Not on his watch. Not while the Executive Order is at his disposal. About time. Lets hope that this message is loud and clear related to the American Jobs Act. This is change we can believe in. What is the opposition of feeding families and taking care of home. Pass this JOBS BILL AND STOP THE MADNESS.
Student loan reform can’t wait
President Obama has ordered two changes to student loan policy that will help millions of Americans who are struggling to pay for their education. Watch this video to find out how these policies will affect you or someone you know.
This just in from the White House:
Jay –
President Obama just took two serious steps to make life a lot easier for folks with student loans — and there’s a good chance you or someone you know will benefit from these changes very soon.
Here’s how:
– Effective this January, if you’re someone who has different kinds of loans — guaranteed and direct — you’ll be able to roll them both into one direct loan and bring down your interest rate. You’ll only have to write one check a month, and you’ll see a discount. This switch adds no cost to taxpayers across the board.
– You might remember that, as part of last year’s student loan reform, borrowers’ loan payments could be no higher than 10 percent of their disposable income. This is a big deal — but it wasn’t going to help anyone enrolling before 2014. Today, the President announced that he’s speeding up this program so it will affect students next year — helping over 1 million students. This will have huge consequences for people struggling to make their student loan payments.
Sometimes, it can be hard to see how policy changes will actually affect your day-to-day life.
Not the case with this one. These changes will make a real difference in helping millions of Americans get by month to month.
We put together a video explaining how these changes will help Americans. Watch it to learn a little more about what today’s steps would do, and then make sure everyone you know who should hear about it does.
President Obama isn’t waiting on Congress to take action. He’s doing everything in his power, right now, to help bolster our economy and get folks back on their feet.
On Monday, he laid out new rules on federal mortgages to help make sure more families don’t lose their homes to foreclosure.
On Tuesday, the administration announced two new initiatives to help veterans find work.
Today, it means making changes that make student loans a lot easier to manage.
These are actions that can’t wait on the next vote or the next election. So long as people are struggling, this President and this administration will do everything in their power to help them when and where they can. It’s just that simple.
Now, let’s make sure that the millions of people who stand to benefit from today’s steps know about it.
Watch the video to learn more about today’s student loan changes — and then help get the word out:
http://my.barackobama.com/Student-Loan-Reforms
Thanks,
James
James Kvaal
Policy Director
Obama for America
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