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Student debt relief is available for federal student loans

If you’re worried about how you’ll pay off your federal student loans, then I’ve got good news for you. On April 28, 2016, President Obama “crashed” a press conference with some breaking news for college students. Within the next year, 2 million more people will be enrolled in the Pay As You Earn program.

Find out more about student debt relief. (Credit: Tyler Kingkade, Huffington Post)

Find out more about student debt relief. (Credit: Tyler Kingkade, Huffington Post)

The program will help some borrowers with federal student loans by capping their monthly loan payments. The President also promised other future announcements that will help ease the burden of student debt. Read more

Are you eligible for the Pay As You Earn plan?

On June 9, 2014, President Obama signed an executive order that will make it easier for millions of young borrowers to repay their federal direct student loans.

The Pay As You Earn plan will help relieve student loan payers. (Credit: Deviant Art)

The Pay As You Earn plan will help relieve student loan payers. (Credit: Deviant Art)

With average student loan debt hovering around $30,000 per student and total student loan debt outpacing total credit card debt, borrowers will welcome the new ‘Pay As You Earn’ repayment program. Under the program loan, payments change based on your income and family size. Read more