NPR – Acacia Squires
“Americans have about $1.3 trillion in student loan debt. And there’s yet another survey out that shows students in this country are confused about their loans, in the dark when it comes to knowing what they’ve borrowed, uncertain about how to pay them back. I’ve written before about how I was one of those people. My federal student loans were a constant source of stress, and after doing the math I figured I was paying more than 30 percent of my income every month in loan payments. And because of high interest rates, I was deeper in debt than when I graduated. And then came my epiphany, courtesy of President Obama and his 2014 State of the Union address: “We’re offering millions the opportunity to cap their monthly student loan payments to 10 percent of their income,” the President said.”(more)