President Obama yesterday signed a Presidential Memorandum expanding a program that will let new borrowers of federal student loans pay no more than 10 percent of their income every month when in repayment. It does not have any impact on private student loans, including CU Student Choice private loan solutions.
Click here to read an article on Vox.com about the presidential memorandum.
The President also announced support of more sweeping Senate legislation targeting federal student loan debt. That legislation is not expected to pass in the Republican controlled House of Representatives.
CU Student Choice is a business partner of Credit Union Resources. To learn more about CU Student Choice, please visit www.studentchoice.org.