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October 26, 2011

New Plan Allows College Grads to Cap Student Loan Repayments 
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The Obama administration outlined a new effort Tuesday to help college
graduates struggling to pay off student loans. A key part of the plan
will allow college graduates to cap their federal student loan
repayments at 10 percent of their discretionary income starting in
January, two years before the cap was due to take effect under federal
law. Outstanding student loans in the United States are projected to
reach a record one trillion dollars this year, a larger sum than credit
card debt.



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