Sense & Centsibility Blog
Student Loan Debt Relief May be on the Horizon
Although it’s a challenge to find the time, I like to stay on top of any rule changes by the Department of Education as well as moves by Congress regarding student loans. Since Congress can’t seem to agree on much these days, I wasn’t really surprised to learn that President Obama recently signed an executive order providing needed relief to student loan borrowers. Although this won’t be effective until December 31, 2015, more time is needed for the Department of Education to adopt rule changes to set forth how the loan process will be improved. Meanwhile, Obama has called on Congress to embrace this movement since crushing student loan debt is not only bad for borrowers, but for a robust American economy as well.