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Truly Right View » Department of Education, Government Corruption, Political Campaigning, Politics, Problems of Big Government » Obama seeks to cap payments of 2 million more student borrowers

Obama seeks to cap payments of 2 million more student borrowers

Joseph Lawler
President Obama wants to add two million more student borrowers to programs that cap loan payments as a share of income, the White House announced Wednesday.

In the latest effort by the administration aimed at rising student debt balances and soaring delinquencies, the Department of Education also will launch a new website, StudentLoans.gov/Repay, to help steer borrowers into the advantageous repayment plans, cutting through the complexity of loan repayment options.

“Costs are rising too fast, and too many Americans are struggling to pay off their loans,” Education Secretary John King said on a call with reporters…

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