Obama To Offer Help For Students Buried In Debt - Money News Story - KSAT San Antonio:
Average student loan debt for the graduating class of 2009 at four-year nonprofit colleges was $24,000, including all private and federal loans, according to the Institute for College Access and Success.
In 2010, the unemployment rate for college graduates age 24 and younger rose to 9.4%, the highest since the Labor Department began keeping records in 1985.
However, the White House announcement doesn't offer much new help for existing borrowers who are already eligible for the income-based repayment plan and who have been able to consolidate federal loans for more than a year, said Mark Kantrowitz, publisher of FinAid.org.
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3 comments:
Woohoo for MooPig briefs!!!
That goes without sayin'!!!
Obama always take a helpful decision for student matter.
debt consolidation
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