Obama to outline loan changes


WASHINGTON (AP) – President Barack Obama is trying to make it easier for the tens of millions of people who are paying back federal student loans.

Today, he’ll announce new requirements for certain lenders during a speech at Georgia Tech in Atlanta.

Third party lenders that contract with the government to collect on loans will be required to better inform borrowers of their repayment options and notify them when they’re delinquent on payments.

There’ll also be a website where students can track what they owe.

(Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

View original post


TGM Millennial What's on Your Mind?

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s