Obama introduces 5 ways to ease students’ debt

Update: Facing acute financial crisis, back in September, the White House launched an online petition platform that they claimed would “give all Americans a way to create and sign petitions on a range of issues affecting our nation.”

The platform, called that “We the People, is open to anyone 13 or older. Once you file a petition and submit it to the website, it is your job to build momentum for your views using social media and old-fashioned word of mouth.

But if a petition has reached 150 signatures in 30 days, because the newspapers and searchable in the database. If the petition reaches 25,000 signatures is an official response from the White House. The initial response threshold was 5,000 signatures in 30 days, but it seems to answer the White House has not been able to all petitions that got a lot of signatures to the limit has been increased.

An example is offered by the Obama administration issued a nurse earns $ 45 000 per year with $ 60,000 in federal student loans. Under the income-based repayment current (IBR) plan, he or she would pay $ 358 a month, but under the new plan announced by Obama, the payments would be reduced further to $ 239th.

Borrowers should be aware that increasing the length of time for payment may, if they choose the lower monthly payment.

About Marc Brentwood

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