Return to the Latest

San Jose Mercury News: Help Coming For Student-Loan Borrowers, White House Says

By Katy Murphy

“The prospect of a lower monthly bill on his $70,000 student loans is music to Nathan Marken’s expensively trained ears. A property manager by day and opera singer by night, the San Francisco resident has managed to pay the $500 bill awaiting him each month, at the expense of retirement savings and other investments. But a plan announced this week by President Barack Obama that would cap monthly payments as a percentage of a borrower’s income could ease the burden for heavily indebted college graduates such as Marken.” Read more here.