Ed note: this post originally appeared on Treasury Notes, the official blog of the US Department of the Treasury
Today, President Obama heads to the University of Nevada Las Vegas to discuss student loans. The President believes in creating an economy built to last that gives every hard working student a fair shot at developing the skills they need to find a good job by attending college, university, community college, or job training programs. To help put the cost of higher education within reach for more Americans, the President has taken action to cap monthly payments on student loans for responsible graduates who make their payments on time. Continuing to act, he will issue a Presidential Memorandum to streamline the process and improve information available to responsible borrowers about student loan repayment options. Answering the President’s call, Treasury and IRS will begin working on improving the application process for responsible borrowers.
Fonte: White House