This is real money, you are the most important part of the show. Tell me what is on your mind. President obama is extended a helping hand to an extra 5 million mens struggling to pay off college debt. Why . Congress wont. In an executive order they expand elegibility to all holders of federal Student Loans. This recaps repayments on loans at 10 of a borrowers income. The programme is important. It offers relief to people spending a third or half an income to service loans. By better managing payments they can reduce chances of default. Previously borrowers that took out loans between october 2007 and october 2011 were eligible to put a cap on the monthly payments. Starting next year that changes because of the president s orders. Pay as you earn may not be for everyone. When borrowers carry loan balances for a longer period, the cost of repaying it is more expensive. In some cases it can forgave loan balances in borrowers are current for 20ors or more. 20 years or more. President obama
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