Earlier this week President Obama announced a plan to help reduce college students' loan debt repayment obligation.
This could be great news for some first generation and low income college students, but what does it all mean?
Check out this article with an handy question-and-answer guide to Obama's student loan plan. IBRinfo.org is another great resource for information regarding student loan debt repayment options.
Got questions? Please feel free to ask The Advisor about it.
I've heard that Obama is going to reduce the reduces the maximum repayment on student loans from 15 percent of discretionary income annually to 10 percent. I hope that this well help a lot of students who have obtained student loans.
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